Grocery Prices Canada

Ottawa (Rajeev Sharma)— Canada’s annual inflation rate cooled significantly in February 2026, falling to 1.8% from 2.3% in January, according to data released by Statistics Canada on Monday. The reading came in lower than the 1.9% expected by economists and brings the headline figure below the Bank of Canada’s (BoC) 2% target for the first time in several months. The decline was largely attributed to "base-year effects" following the end of government sales tax relief last year, as well as a continued deceleration in gasoline prices and shelter costs. However, despite the lower headline number, underlying pressures remain, particularly in…