OTTAWA — The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday.

That marks a sizeable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken off a variety of household staples, common gifts and restaurant bills for the entire month.

February’s figures well ahead of consensus among economists, which called for 2.2 per cent inflation in the month{ai:summary}<p>Inflation in Canada rose to 2.6% in February, up from 1.9% in January. The increase follows the end of a temporary federal tax break that had reduced costs on essential goods and services. </p><p>#economy</p>

Annual inflation rate jumps to 2.6% in February with end of tax holiday: StatsCan

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