Inflation in Canada
Canada - Inflation
Inflation stable in April
Seasonally-adjusted consumer prices in Canada rose 0.5% in April from a month earlier, rebounding from March’s 0.2% decline. According to Statistics Canada, prices rose in all but one of the eight major subcomponents of the index. The transportation subcomponent recorded the largest monthly increase, while clothing and footwear prices posted a decline from a month earlier.
Inflation was stable at March’s 1.6% in April, still below the midpoint of the Bank of Canada’s target range of 2.0% plus/minus 1.0 percentage point—territory it occupied for much of 2016. Meanwhile, annual average inflation was also stable for a third consecutive month in April at 1.5%. Core inflation, which excludes volatile items including gasoline and fresh food, fell to 1.1% in April from 1.3 % in March.
In its April monetary policy report, the Bank of Canada revised its inflation expectations upward to 1.9% in 2017 and 2.0% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in 2017, which is unchanged from last month’s forecast. Our panelists also expect inflation to average 2.0% in 2018.
Canada - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.9||1.5||0.9||1.9||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Canada Inflation Chart
Source: Statistics Canada.
|Bond Yield||1.48||-1.33 %||May 24|
|Exchange Rate||1.35||0.57 %||May 25|
|Stock Market||15,411||-0.06 %||May 25|
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May 19, 2017
Seasonally-adjusted consumer prices in Canada rose 0.5% in April from a month earlier, rebounding from March’s 0.2% decline.
April 28, 2017
The Canadian economy took a breather in February following three months of growth, with seasonally-adjusted GDP growth flat from a month earlier.
April 21, 2017
Seasonally-adjusted consumer prices declined 0.2% in March from a month earlier, which was a slight moderation from February’s 0.3% slide that had marked the steepest monthly drop in a year.
April 12, 2017
The Teranet-National Bank National Composite House Price Index recorded a monthly increase of 0.9% in March, a slight easing from February’s six-month high 1.0%.
April 12, 2017
On 12 April, the Bank of Canada (BoC) left its target for the overnight rate at 0.50%, where it has been since July 2015.