In August, consumer prices rose a seasonally adjusted 0.4% over the previous month, which contrasted the 0.1% decline recorded in July. According to Statistics Canada, prices increased in every major category of the index except clothing and footwear as well as household operations, furnishings and equipment. Despite the monthly increase, annual headline inflation inched down from 1.3% in July to 1.2% in August, undershooting market expectations of a 1.3% increase. Currently, Canada's inflation remains within the Central Bank's target of 2.0% with a tolerance margin of plus/minus 1.0 percentage points. Meanwhile, annual average inflation moderated from 2.3% in July to 2.1% in August. Simultaneously, core inflation, which excludes volatile items such as gasoline and fresh food, inched down from 1.7% in July to 1.6% in August. The Bank of Canada expects headline inflation to average 1.7% in 2012 and 1.8% in 2013.
Inflation moderates in August
September 21, 2012
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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.