In December, consumer prices declined a seasonally adjusted 0.2% over the previous month, which contrasted the 0.1% increase witnessed in November. The monthly price change mainly reflected falling prices in the transportation category due to lower prices for passenger vehicles and slower growth in gasoline prices. Consequently, annual headline inflation moderated from 2.9% in November to 2.3% in December, which came in well below market expectations of 2.7% and marked the lowest level in 10 months. Currently, inflation remains within the Central Bank's 1.0 percentage point tolerance margin around its 2.0% target. Annual core inflation, which excludes volatile items such as gasoline and fresh food, followed suit and edged down from 2.1% in November to 1.9% in December. In 2011, inflation averaged 2.9%, which was up from the 1.8% seen in 2010. The Bank of Canada expects headline inflation to average 1.8% in 2012 and 1.9% in 2013.
Inflation moderates in December
January 20, 2012
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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.
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Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
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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.
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