Inflation in Canada
Canada - Inflation
Inflation accelerates in September
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months. According to Statistics Canada, prices rose for four of the eight major components that make up the index, while three declined. The shelter index remained unchanged. The print mainly reflected an increase in the price of the recreation, education and reading category.
Inflation edged up to 1.3% in September from 1.1% in August. September’s result was below market expectations of a 1.4% rise and remains within the Bank of Canada’s target range of 2.0% plus/minus 1.0 percentage point. Annual average inflation in September matched August’s 1.4%. Core inflation, which excludes volatile items such as gasoline and fresh food, also matched August’s reading of 1.8% in September.
The Bank of Canada expects headline inflation to end 2016 at 1.7%, according to its October Monetary Policy Report. For 2017, the Bank expects inflation to close the year at 2.0%. FocusEconomics Consensus Forecast panelists expect inflation to average 1.6% in 2016, which is unchanged from the previous month’s forecast. The panel expects inflation to increase and average 2.0% in 2017, which is also unchanged from last month’s Consensus forecast.
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||1.68||-1.75 %||Mar 22|
|Exchange Rate||1.34||0.17 %||Mar 23|
|Stock Market||15,434||0.55 %||Mar 23|
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March 14, 2017
The Teranet-National Bank National Composite House Price Index recorded a monthly increase of 1.0% in February, the steepest rise in six months and well above January’s 0.5% increase.
March 8, 2017
Seasonally-adjusted annualized housing starts registered 210,200 units in February, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
March 8, 2017
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, decreased a seasonally-adjusted 2.2 points in February, falling from 57.2 in January to 55.0—the lowest reading in six months.
February 14, 2017
The Teranet-National Bank National Composite House Price index rose 0.5% in January from the previous month, which followed the 0.3% increase in December.
February 8, 2017
Seasonally-adjusted annualized housing starts registered 207,400 units in January, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).