Stats Canada released their latest report on the Consumer Price Index this morning and it shows that in the twelve months from February 2009 until February 2010, prices rose on average 1.6 percent.

The increase can be attributed mostly to the rise in gasoline prices for the fourth month in a row, with gas prices up 15.3 percent in February 2010 from a year ago, and following a rise of 23.9 percent in the year leading up to January.

The greatest upward pressure on prices for the consumer occurred in the energy sector, with prices rising 4 percent from February 2009 to February 2010, after prices rose 8.2 percent from January to January.  Overall, all of the major indices have risen except shelter, and clothing and footwear, which have dropped 5.8 percent and 2.6 percent respectively.

Take a look at the report from Stats Canada here.