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Canadian Press NewsAlert: Annual pace of inflation edges up in February

OTTAWA — Statistics Canada says the annual pace of inflation ticked slightly higher in February.

The agency says the consumer price index in February was up 1.1 per cent compared with a year earlier.

The result compared with a year-over-year increase of 1.0 per cent in January.

Financial data firm Refinitiv had said the average economist estimate is for a year-over-year increase of 1.3 per cent.

More coming.

The Canadian Press

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