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12-month change:

1. The Consumer Price Index (CPI) rose 1.1% in the 12 months to February, following a 1.5% increase in January.
2. The smaller year-over-year rise in the CPI in February compared with January was mainly attributable to gasoline prices, which fell 1.3% in the 12 months to February, following a 4.6% increase in January.
3. Of the eight major components, six recorded gains in the 12 months to February. Higher shelter costs and food prices led the increase in the CPI. At the same time, the indexes for transportation and for clothing and footwear contributed the most to the deceleration in the CPI.
4. Consumer prices decelerated in nine provinces in the 12 months to February, led by slower rates of change in gasoline prices. Saskatchewan was the only province where the All-items CPI did not decelerate.

Month-to-month change:

1. On a seasonally adjusted monthly basis, the CPI rose 0.3% in February, following a 0.2% increase in January.
2. On a monthly basis and before seasonal adjustment, the CPI rose 0.8% in February, after increasing 0.3% in January.

Bank of Canada’s Core Index:

1. The Bank of Canada’s core index rose 1.2% in the 12 months to February, after increasing 1.4% in January.