OTTAWA: Canadian consumer prices rose two per cent in the 12 months to January, as vegetable costs soared and the price of gasoline saw the first uptick since October 2014, the government statistical agency announced on Friday. Analysts had forecast slightly lower inflation at 1.7 per cent. According to Statistics Canada, fresh vegetables and restaurant meals cost more in the month. Notably, the price of cauliflower and other vegetables imported in winter months saw their largest year-over-year increase (22.7 per cent) since April 2009, due in part to a decline in the Canadian dollar linked to oil price slump. Meat prices also increased but less than in December.
Published: 08:23 am Feb 20, 2016