In October, consumer prices increased a seasonally adjusted 0.3% over the previous month, which was below the 0.4% increase in September. Higher gasoline prices continued to be the main driver behind the monthly price rise, as reflected by the 0.6% month-on-month increase in prices in the energy category. Annual headline inflation edged down from 3.2% in September to 2.9% in October, falling short of market expectations of inflation moderating to 2.7%, as energy inflation slowed from 12.5% year-on-year in September to 11.7% in October. Currently, inflation remains within the Central Bank's 1 percentage point tolerance margin around its 2.0% target. Annual core inflation, which excludes volatile items such as gasoline and fresh food, inched down from 2.2% in September to 2.1% in October. The Bank of Canada expects headline inflation to average 2.9% in 2011 and 1.4% in 2012.
Inflation eases in October
November 18, 2011
Looking for forecasts related to Inflation in Canada? Download a sample report now.
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.