Despite the base year effect, food prices in February rose by 5.4% on a annual basis as food purchased at restaurants increased by ‌7.8% last ⁠month.

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Despite the base year effect, food prices in February rose by 5.4% on a annual basis

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Shelter costs — the largest component of the CPI basket with ⁠a weight of roughly 29% — rose by 1.5% in February as mortgage costs continued to ease. Rent costs rose 3.9% on an annual basis in February.

https://www.reuters.com/world/americas/canadas-annual-inflation-rate-eases-18-base-year-effect-2026-03-16/