In April, consumer prices increased a seasonally adjusted 0.3% over the previous month, well below the 0.8% rise observed in March and market expectations of a 0.5% rise. As a result, annual headline inflation remained unchanged at March's 3.3% and overshot the inflation target of 2.0%1% for a second consecutive month. Energy prices continued to accelerate and increased a whopping 17.1% on an annual basis (March: +12.8% year-on-year) on the back of higher gasoline prices. Overall inflation, excluding soaring energy costs, would have been 2.0% in April. Meanwhile, food prices rose 3.3% yoy but declined 0.2% on a monthly basis. Annual core inflation, which excludes oil and fresh food prices, eased a notch from 1.7% in March to 1.6% in April. The Bank of Canada expects headline inflation to average 2.5% in 2011 and 2.1% in 2012.
Inflation stays at 3.3% in April
May 20, 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.