Canada posts 2.2% inflation YOY with gasoline rising more than 15.0%
The US has passed the 2.0% inflation threshold defined by the limit as the maximum inflation they would be comfortable with. Canada passed that level long ago. They are now still at the 2.2% that they have been for some time. Via Statcan:
Consumer prices rose 2.2% in the 12 months to February, following the 2.3% increase posted in January.
Energy prices rose 10.6% during the 12 months to February, after posting a 9.0% increase the previous month. Gasoline prices continued to increase in February, rising 15.7%, after recording a 13.0% increase in the 12 months to January.
Excluding gasoline, the Consumer Price Index (CPI) rose 1.6% in the 12 months to February, compared with a 1.8% increase in January.
On a seasonally adjusted monthly basis, consumer prices held steady from January to February, after a period of seven consecutive monthly increases. The transportation index, which includes gasoline, increased 0.2% in February, a slower rate of growth than the 1.0% increase observed in the previous month. The food index rose 0.2% in February, following a 0.4% increase in January. The clothing and footwear index posted a decline of 0.1%, after falling 1.2% in January.