In December, consumer prices remained unchanged over the previous month, following the subdued 0.1% price increase in November. The reading came in below market expectations, which had seen consumer prices adding 0.2% in December. That said, annual headline inflation accelerated and inched up from a 2.0% increase in November to 2.4% in December. The main drivers behind the acceleration in annual inflation were rising transportation prices (+4.9% year-on-year) and higher shelter costs (+2.7% yoy), which were partially offset by lower prices for clothing and footwear (-2.0% yoy). Annual core inflation, which excludes oil and fresh food prices, inched up to 1.5% in December (November: 1.4%) but remained below the 2.0% target set by the Bank of Canada (BoC). The Bank of Canada forecasts headline inflation to average 2.1% in 2011 and 1.9% in 2012.
Inflation picks up in December and ends the year at 2.4%
January 25, 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.