In February, consumer prices increased a seasonally adjusted 0.1% over the previous month, which was below the 0.5% increase observed in January. The monthly price rise mainly reflected higher prices in the transportation category, in particular those of fuel. Annual headline inflation inched up from 2.5% in January to 2.6% in February, which came in below market expectations of a 2.7% increase. Currently, inflation remains within the Central Bank's 2.0% 1.0 percentage point tolerance margin. Annual core inflation, which excludes volatile items such as gasoline and fresh food, edged up from 2.1% in January to 2.3% in February. The Bank of Canada expects headline inflation to average 1.8% in 2012 and 1.9% in 2013.
Inflation continues to rise in February
March 23, 2012
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
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.