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February inflation data set to show end of federal tax holiday

Mar 18, 2025 | 2:00 AM

OTTAWA — Statistics Canada is set to release inflation figures for February today.

Most economists expect inflation picked up as the federal government’s temporary tax break on a number of household staples came to an end in February.

The two-month GST holiday cooled prices in December and January, but inflation is forecast to rise again as the sales tax returned mid-month.

Economists polled by Reuters ahead of Tuesday expect the annual rate of inflation rose to 2.2 per cent in February, up from 1.9 per cent in January.