Canada’s inflation rate slides to 1.8% amid a disinflationary base effect from last year’s sales tax holiday

Canada's inflation rate eased to 1.8% in February, the lowest since July last year. The deceleration in headline CPI year-over-year growth rate can mostly be explained by the base effect resulted from the GST/HST holiday last year. Canada’s inflation rate slides to 1.8% amid a disinflationary base effect from last year’s sales tax holiday was first published on EconReporter on March 16, 2026