Inflation: Have you noticed prices rising?
- March 19, 2010 4:03 PM |
- By POV
Canada's annual inflation rate came in higher than expected for February, possibly pointing to future interest rate hikes by Canada's central bank.
The prices Canadians paid at the gasoline pumps were 15.3 per cent higher than they were in February 2009.
The 12-month rise in consumer prices was 1.6 per cent for the month, Statistics Canada said Friday. That's less than the 1.9 per cent rate in January, but still higher than the 1.4 per cent rate economists had been expecting.
The central bank is expected to begin boosting interest rates by the middle of this year after keeping rates extremely low to help the economy through the recession.
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People often tend to notice the prices of gas and groceries going up first.
Tell us what products or services have you seen increase in price or take our poll.
Poll is not scientific. It is based on readers' votes.
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