OTTAWA — Statistics Canada says the annual inflation rate climbed to 5.7 per cent in February, its highest level since August 1991 and the second straight month over 5 per cent.
Helping to drive the increase in February were higher gasoline prices that were up 32.3 per cent compared with February 2021 and 6.9 per cent from a month earlier.
Statistics Canada says that excluding gasoline prices, the headline inflation rate would have been 4.7 per cent in February.
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