Rate previously slowed to 5.9 per cent in January Canada’s inflation rate cooled to 5.2 per cent in February, the largest deceleration since April 2020, according to Statistics Canada. The agency said its consumer price index had a year-over-year deceleration from February 2022, when the inflation rate was 5.7 per cent. The reading compared with an annual inflation rate of 5.9 per cent in January and was the lowest reading since January 2022, when it was 5.1 per cent. Canada’s inflation rate slowed to 5.9% in January, but food costs continue to riseRead more