A customer shops for groceries at a Costco store in Vancouver, British Columbia, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Liang Sen/Xinhua)
OTTAWA, March 19 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday.
Notable contributors to the deceleration included the indexes for cellular services, food purchased from stores, and Internet access services, the national statistical agency said.
Offsetting the deceleration was a year-over-year increase in gasoline prices, which rose 0.8 percent in February, following a 4 percent decline in January, the agency added.
Excluding gasoline, the headline CPI slowed to a 2.9 percent year-over-year increase in February, down from 3.2 percent in January. Prices for rent and the mortgage interest cost index continued to apply upward pressure on the headline CPI, the agency said.
On a monthly basis, the CPI rose 0.3 percent in February. The largest contributors to the monthly increase were higher prices for travel tours and gasoline. On a seasonally adjusted monthly basis, the CPI rose 0.1 percent in February, Statistics Canada said. ■
A customer shops for groceries at a Costco store in Vancouver, British Columbia, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Liang Sen/Xinhua)
A customer shops for groceries at a Costco store in Vancouver, British Columbia, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Liang Sen/Xinhua)
A customer shops for groceries at a Costco store in Vancouver, British Columbia, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Liang Sen/Xinhua)
Customers shop for groceries at a Costco store in Vancouver, British Columbia, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Liang Sen/Xinhua)
A customer shops for groceries at a supermarket in Toronto, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Zou Zheng/Xinhua)
A customer shops for groceries at a Walmart store in Toronto, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Zou Zheng/Xinhua)
Customers shop for groceries at a supermarket in Toronto, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Zou Zheng/Xinhua)
Customers shop for groceries at a Walmart store in Toronto, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Zou Zheng/Xinhua)
People fuel vehicles at a gas station in Toronto, Canada, on March 19, 2024. Canada's Consumer Price Index (CPI) rose 2.8 percent on a year-over-year basis in February, down from a 2.9 percent gain in January, Statistics Canada said Tuesday. (Photo by Zou Zheng/Xinhua)
