Canada's CPI rises 2.3 pct in January

Of the affected indexes, the CPI continued to be most impacted by acceleration in prices for restaurant meals, and to a lesser degree, prices for alcoholic beverages, toys and children's clothing, added the agency.

OTTAWA, Feb. 17 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 2.3 percent year on year in January, following a 2.4 percent increase in December, Statistics Canada said Tuesday.

The gasoline price index was the largest contributor to deceleration in headline inflation, with a larger decline in January compared with December. Excluding gasoline, the CPI rose 3 percent in January, matching the increase in December, said the national statistical agency.

According to the agency, indexes with year-over-year movements impacted by the temporary Goods and Services Tax/Harmonized Sales Tax break in January 2025 continued to put upward pressure on the all-items increase in January 2026.

Of the affected indexes, the CPI continued to be most impacted by acceleration in prices for restaurant meals, and to a lesser degree, prices for alcoholic beverages, toys and children's clothing, added the agency.

Excluding food and energy, the CPI rose 2.4 percent year over year in January, following a 2.5 percent increase in December, said the agency.

The CPI was unchanged month over month in January, said Statistics Canada. ■