In November, consumer prices increased a seasonally adjusted 0.1% over the previous month, which was below the 0.3% increase seen in October. The monthly price rise mainly reflected higher prices in the transportation category, which added 0.5% in November (October: +1.3% month-on-month). Annual headline inflation remained unchanged at October's 2.9%, which came in exactly in line with market expectations. In particular, energy inflation continued to slow and decelerated from an 11.7% increase in October to a 9.1% rise in November. 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, remained unaltered at October's 2.1%. The Bank of Canada expects headline inflation to average 2.9% in 2011 and 1.4% in 2012.
Inflation stabilizes in November
December 20, 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.