In June, consumer prices decreased a seasonally adjusted 0.4% over the previous month, contrasting the 0.2% monthly price increase in May. As a result, annual headline inflation fell from 3.7% in May to 3.1% in June, coming in below market expectations of a 3.5% increase. Consequently, inflation lies just a notch above the Central Bank's upper band of their 2.0%1% inflation target. Energy prices continued to be the main driver of headline inflation, increasing 15.7% in June (May: +16.6% year-on-year). Inflation excluding energy costs would have been 1.9% in June, which is below the 2.4% increase tallied in May. Annual core inflation, which excludes oil and fresh food prices moderated from 1.8% in May to 1.3% in June. The Bank of Canada expects headline inflation to average 2.5% in 2011 and 2.1% in 2012.
Inflation drops in June
July 22, 2011
Looking for forecasts related to Inflation in Canada? Download a sample report now.
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.