FX.co ★ Canada's CPI sees a slight increase of 0.3% in February 2024

According to the latest data released by Statistics Canada on March 19, 2024, the Consumer Price Index (CPI) for Canada showed a slight increase of 0.3% in February 2024 compared to the previous month of January 2024 when the indicator was at 0%. The CPI is a key measure of inflation and tracks the average change over time in the prices paid by consumers for a basket of goods and services. This Month-over-Month comparison indicates a gradual uptick in consumer prices from the previous month, reflecting ongoing economic trends and market conditions in Canada. As the country navigates through various economic challenges, monitoring CPI data provides valuable insights into the overall health of the economy and can impact policy decisions moving forward.