In July, consumer prices increased a seasonally adjusted 0.1% over the previous month, contrasting the 0.3% monthly price decline in June. Annual headline inflation dropped from 3.1% in June to 2.7% in July, coming in a notch below market expectations of a 2.8% increase. Consequently, inflation remains within the Central Bank's 2.0% 1% inflation target, after surpassing the upper tolerance band for the last four months. The lower headline inflation figure reflected a slower increase in gasoline prices. Energy prices continued to be the main driver of headline inflation but slowed from a 15.7% year-on-year increase in June to 12.9% in July. Inflation excluding energy costs would have been 1.7% in July, which is below the 1.9% rate tallied in June. Annual core inflation, which excludes oil and fresh food prices, edged up from 1.3% in June to 1.6% in July. The Bank of Canada expects headline inflation to average 2.9% in 2011 and 2.1% in 2012.
Inflation continues to drop
August 19, 2011
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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.