In August, consumer prices increased a seasonally adjusted 0.3% over the previous month, which was above the 0.1% monthly price rise in July. Simultaneously, annual headline inflation quickened from 2.7% in July to 3.1% in August, exceeding market expectations of a 2.9% increase and surpassing the upper ceiling of the Central Bank's 2.0% 1% inflation target. The higher headline inflation print reflected a faster increase in fuel prices. Energy prices accelerated from a 12.9% year-on-year increase in July to 13.4% in August. However, inflation excluding energy costs also increased, reaching 2.0% in August (July: 1.7%). Annual core inflation, which excludes volatile items such as gasoline and fresh food, increased from 1.6% in July to 1.9% in August. The Bank of Canada expects headline inflation to average 2.9% in 2011 and 2.1% in 2012.
Inflation accelerates on higher gasoline prices
September 21, 2011
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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.
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.