In September, consumer prices increased a seasonally adjusted 0.3% over the previous month, which was the same as in August. Higher gasoline prices continued to be the main driver behind the monthly price rise, as reflected by the 0.8% month-on-month increase in prices in the transportation category. On the other hand, food and shelter prices fell in September. Annual headline inflation inched up from 3.1% in August to 3.2% in September, exceeding market expectations of inflation easing to 3.0% and surpassing the upper ceiling of the Central Bank's 2.0% 1% inflation target for the second straight month. Energy prices decelerated from a 13.4% year-on-year increase in August to a 12.5% expansion in September. Annual core inflation, which excludes volatile items such as gasoline and fresh food, increased from 1.9% in August to 2.2% in September. The Bank of Canada expects headline inflation to average 2.9% in 2011 and 1.4% in 2012.
Inflation quickens on higher gasoline prices
October 21, 2011
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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.