Consumer Price Index in Canada Rises 2.6% in February 2025

In February 2025, the Consumer Price Index (CPI) in Canada increased by 2.6% on a year-over-year basis, as reported by Statistics Canada. This rise is in comparison to a 1.9% increase noted in January.

On a monthly scale, the CPI saw a 1.1% rise in February, with seasonal adjustments indicating a 0.7% increase from January. A notable factor was the reintroduction of the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on eligible items following the conclusion of a tax break mid-month, contributing to the heightened consumer prices.

Gasoline also influenced the CPI, with prices seeing a rise of 5.1% during February. Additionally, food prices, specifically those purchased from stores, rose by 2.8%. These components highlight areas of significant price changes across the board.

The data provided by Statistics Canada offers a comprehensive view of consumer price trends, emphasizing areas affected by both permanent taxes and temporary economic influences.