In April, consumer prices increased a seasonally-adjusted 0.2% over the previous month, which was slightly below the 0.3% rise recorded in March. According to Statistics Canada, the overall price increase reflected higher prices in six of the eight categories measured, with shelter and clothing and footwear registering the largest gains. Conversely, the largest price decline was recorded in the recreation, education and reading index. Annual headline inflation rose from 1.5% in March to 2.0% in April, which was in line with market expectations and marked the highest inflation rate since February 2012. Inflation remains well anchored within the Central Bank's tolerance margin of plus/minus 1.0 percentage points around its target of 2.0%. Meanwhile, annual average inflation inched up from March's 1.1% to 1.2% in April, thus indicating a positive trend. Core annual inflation, which excludes volatile items such as gasoline and fresh food, edged up from 1.3% in March to 1.4%.
Inflation accelerates to over two-year high in April
May 23, 2014
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Canada Inflation Chart
Note: Year-on-year and month-on-month variation of seasonally adjusted consumer price index in %.
Source: Statistics Canada (SC).
Canada Economic News
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.
September 30, 2016
In July, GDP grew a strong 0.5% over the previous month in seasonally-adjusted terms.
September 23, 2016
In August, seasonally-adjusted consumer prices recorded a 0.1% decrease over the previous month, which was down from the flat figure recorded in July and marked the lowest reading in six months.