Investing.com - Consumer price inflation in Canada rose more-than-expected last month, official data showed on Wednesday.
In a report, Statistics Canada said that Canadian consumer price inflation rose to a seasonally adjusted 1.2% in February, after a 0.1% increase in January.
Analysts had expected Canadian consumer price inflation to rise 1.0% last month.
Canadian CPI rose also rose 1.2% year-on-year, from 0.5% in January, compared to expectations for a 1.0% increase.
Core CPI, which excludes the eight major components, rose 0.7%, outstripping expectations for a 0.3% increase after rising by 0.1% in January.
Following the release of the data the Canadian dollar rose to five-week highs against the U.S. dollar, with USD/CAD slipping 0.05% to 1.0154.
In a report, Statistics Canada said that Canadian consumer price inflation rose to a seasonally adjusted 1.2% in February, after a 0.1% increase in January.
Analysts had expected Canadian consumer price inflation to rise 1.0% last month.
Canadian CPI rose also rose 1.2% year-on-year, from 0.5% in January, compared to expectations for a 1.0% increase.
Core CPI, which excludes the eight major components, rose 0.7%, outstripping expectations for a 0.3% increase after rising by 0.1% in January.
Following the release of the data the Canadian dollar rose to five-week highs against the U.S. dollar, with USD/CAD slipping 0.05% to 1.0154.