Inflation in Canada

Canada Inflation | Economic News & Forecasts

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

2012  2013  2014  2015  2016  
Inflation Rate (CPI, annual variation in %)1.5  0.9  1.9  1.1  1.4  

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Canada Inflation Chart

Canada Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Canada.

Canada Facts

Bond Yield1.971.00 %Oct 18
Exchange Rate1.280.15 %Nov 17
Stock Market15,9990.23 %Nov 17

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