New York, March 23 (alphajetsusa.com) – According to the Statistics Canada, the YOY Consumer Price Index (CPI) of Canada was recorded at 2.7% in February, against 2.5% in the previous month. However, the analysts estimated a reading of 2.7%. Monthly inflation continued to remain the same at 0.4% in February.
The annual Core CPI of Bank of Canada was 2.3% in February, which showed an increase in comparison with 2.1% that was registered in January and more than the estimates of 2.2%. On a monthly basis, Core CPI raised 0.4% in February from 0.2% in January and above the market consensus of 0.3%.