{"id":71063,"date":"2026-03-16T13:11:21","date_gmt":"2026-03-16T13:11:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/03\/16\/canadas-inflation-rate-cools-more-than-expected\/"},"modified":"2026-03-16T13:11:21","modified_gmt":"2026-03-16T13:11:21","slug":"canadas-inflation-rate-cools-more-than-expected","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/03\/16\/canadas-inflation-rate-cools-more-than-expected\/","title":{"rendered":"Canada&#039;s inflation rate cools more than expected"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"How High Oil Prices Could Impact Canada\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/5dUc7-1cT5Q?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> Canada\u2019s\u00a0<\/p>\n<p>                        inflation rate<\/p>\n<p>                         slowed to 1.8 per cent in February, down from 2.3 per cent in January, as the end of\u00a0the GST\/HST holiday a year earlier\u00a0caused headline inflation to decelerate. <\/p>\n<p> Statistics Canada said Monday<\/p>\n<p>                         that\u00a0the\u00a0temporary sales tax exemption, which\u00a0ended on\u00a0Feb. 15, 2025,\u00a0\u201cresulted in monthly price increases for affected products in that month, which put downward pressure on year-over-year price change in February\u00a02026.\u201d <\/p>\n<p> Economists had expected an inflation rate of 1.9 per cent. <\/p>\n<p> Even with deceleration from the base-year effect, the price of food purchased from restaurants rose 7.8 per cent year-over-year, while alcoholic beverages served in licensed establishments climbed 6.8 per cent and toys, games and hobby supplies (excluding video games) was up 5.4 per cent. <\/p>\n<p> Prices for food\u00a0purchased\u00a0from stores rose 4.1 per cent compared to a year earlier,\u00a0down 4.8 per cent from January, driven by a\u00a0\u201cmodest\u201d deceleration in prices for fresh or frozen\u00a0beef\u00a0to\u00a013.9 per cent in February\u00a0after increasing\u00a018.8\u00a0per cent\u00a0in January. <\/p>\n<ul class=\"related_links\">\n<li>Even Americans are getting fed up with Donald Trump&#8217;s tariffs<\/li>\n<li>Here&#8217;s why bets are rising for interest rate hikes including for Canada<\/li>\n<\/ul>\n<p> While growth slowed last month,\u00a0Statistics\u00a0Canada noted that <\/p>\n<p>                        grocery prices<\/p>\n<p>                         have risen more than 30 per cent over the last five years. <\/p>\n<p> Gasoline prices<\/p>\n<p>                        \u00a0fell 14.2 per cent in February, a smaller year-over-year decline from January\u2019s 16.7 per cent, due to the price of crude oil climbing in the lead-up to the war in Iran and supply disruptions in some producer countries. <\/p>\n<p> <em>More to come \u2026<\/em> <\/p>\n\n<br \/>Canada&#039;s inflation rate cools more than expected<\/a><br \/>\n<br \/>2026-03-16 13:11:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s\u00a0 inflation rate slowed to 1.8 per cent in February, down from 2.3 per cent in January, as the end of\u00a0the GST\/HST holiday a year earlier\u00a0caused headline inflation to decelerate&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":71064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/inflation-0316-ph.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-71063","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=71063"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/71064"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=71063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=71063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=71063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}