Investing.com – Canadian inflation rose less than expected in February, according to official data released on Friday.
According to the report from Statistics Canada, February consumer price inflation (CPI) rose 0.2% from the previous month, compared to the consensus forecast for a 0.4% increase and in line with January’s 0.2% rise.
Year-on-year, CPI advanced 1.4%, below expectations for a 1.5% increase and down from January’s reading of 2.0%.
Core inflation, which excludes food and energy, rose 0.5% from the prior month, in line with expectations and compared to January’s reading of a 0.3% increase.
Year-on-year, core CPI increased by 1.9%, below the consensus forecast for it to remain stable with respect to January’s 2.0% increase.
USD/CAD traded at 1.2965, compared to 1.2969 prior to the release.