Canada’s consumer price growth eased in February, with the year-over-year CPI reading slowing to 1.8%, down from 2.3% in January 2026. The latest figure, updated on 16 March 2026, marks a continued deceleration in inflation as measured against the same month a year earlier.
According to the comparison methodology, the “actual” February reading reflects the change in prices versus February a year ago, while January’s “previous” reading compared prices to January of the prior year. The move from 2.3% to 1.8% suggests price pressures are losing momentum, potentially easing some of the strain on households and reshaping expectations around the future path of interest rates and broader economic policy in Canada.