Inflation in Canada
Canada - Inflation
Inflation eases in October
Seasonally-adjusted consumer prices rose 0.2% in October, in line with September’s 0.2% print. According to Statistics Canada, October’s rise was primarily due to higher transport prices, which were driven by an increase in gasoline prices—although their rise slowed considerably from a month earlier. Moreover, shelter prices also recorded a sizeable increase, while food prices declined in the month.
Inflation was 1.4% in October, down from 1.6% in September and still within the Bank of Canada’s target range of 2.0% plus/minus 1.0 percentage point. Meanwhile, annual average inflation was stable at 1.5% for a ninth consecutive month in October. Core inflation, which excludes volatile items including gasoline and fresh food, ticked up from 0.8% to 0.9%.
The Bank of Canada expects inflation to average 1.7% in 2018 and 2.1% in 2019. FocusEconomics Consensus Forecast panelists foresee inflation averaging 1.9% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists expect inflation to average 2.0%.
Canada - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.5||0.9||1.9||1.1||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Canada Inflation Chart
Source: Statistics Canada.
|Bond Yield||1.97||1.00 %||Oct 18|
|Exchange Rate||1.28||0.15 %||Nov 17|
|Stock Market||15,999||0.23 %||Nov 17|
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November 17, 2017
Seasonally-adjusted consumer prices rose 0.2% in October, in line with September’s 0.2% print.
November 15, 2017
House prices continued walking back this year’s significant gains in October.
Canada: Trend in housing starts ticks back up in October as Vancouver groundbreaking strikes one-year high
November 8, 2017
Seasonally-adjusted annualized housing starts registered 222,800 units in October, according to the Canada Mortgage and Housing Corporation (CMHC).
November 6, 2017
In October, the manufacturing sector appeared to gain further momentum after initially heating up in September.
October 31, 2017
For the first time in ten months, GDP contracted in August, bringing an unexpected end to Canada’s most recent growth spurt.