Producer Prices in Canada
Canada - Producer Prices
Inflation holds steady in October
Inflation came in at 6.9% in October, matching September’s figure. Rising price pressure for housing and transport were offset by lower price pressures for food and recreation and education.
The trend pointed up slightly, with annual average inflation coming in at 6.5% in October (September: 6.3%). Meanwhile, core inflation fell to 5.8% in October, from September’s 6.0%.
Finally, consumer prices increased 0.72% from the previous month in October, accelerating from the 0.07% increase recorded in September. October's uptick marked the highest reading since May.
FocusEconomics analysts project inflation to average 3.5% in 2023, which is up 0.1 percentage points from last month’s forecast. In 2024, our panel sees inflation averaging 2.2%.
Canada - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.8||-0.2||3.1||3.9||-0.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||1.70||1.00 %||Dec 31|
|Exchange Rate||1.30||0.15 %||Jan 01|
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November 18, 2022
According to the Teranet-National Bank Composite House Price Index, house prices decreased 0.8% month on month in October, following September’s 3.1% fall.
November 16, 2022
Inflation came in at 6.9% in October, matching September’s figure.
November 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) fell to 48.8 in October from September's 49.8.
Canada: Economic activity growth remains broadly unchanged in August; flash estimate points to further small expansion in September
October 30, 2022
GDP expanded 0.1% in month-on-month seasonally-adjusted terms in August, matching July's 0.1% increase and above market expectations.
October 28, 2022
GDP growth was stable at 0.1% in month-on-month seasonally-adjusted terms in August.