Statistics Canada reported Friday that the inflation rate rose to a 2.2. per cent annual rate in February, from 1.7 the month before. Higher prices for food at restaurants were also a big factor, up four per cent in the past year. "That's a big swing from recent years, when falling borrowing costs were regularly holding down inflation," Bank of Montreal economist Doug Porter said. Across the country, the inflation rate heated up in every province in February, but nowhere more than in Atlantic Canada. "After several months below two per cent, inflation pressures have picked up and have moved on top of the Bank of Canada's target," Marple said.

Source: CBC News March 23, 2018 13:18 UTC