Canada’s annual inflation rate is on the rise as prices for fresh fruits and vegetables continued their surge.
Statistics Canada’s January year-over-year inflation number hit two percent, up from 1.6 per cent in December.
The agency’s consumer price index says the cost of food was up four per cent last month, with fruits up 12.9 per cent and vegetable prices up 18.2 per cent compared to a year earlier.
Inflation climbed in every province in January as the weaker Canadian dollar was contributing to higher costs for imported goods.
The agency says lower prices for items such as fuel oil, natural gas and telephone services kept downward pressure on the inflation reading.
The core inflation rate, which excludes some volatile items such as gasoline, also increased 0.1 per cent to two per cent last month, up from 1.9 per cent in December.