Inflation in Canada
Canada - Inflation
Inflation plummets in September
Seasonally-adjusted consumer prices fell 0.1% from a month earlier in September, contrasting August’s 0.1% rise. According to Statistics Canada, the decline was driven by lower transport prices. Moreover, climbing food prices slowed from a month earlier.
Inflation plummeted to 2.2%, down from 2.8% in August and well below analysts’ expectations. Meanwhile, annual average inflation was stable from August at 2.2%. Core inflation, which excludes volatile items including fuels and fresh produce, dipped to 1.5% from 1.7%.
Canada Inflation Forecast
In its July monetary policy report, the Bank of Canada forecast inflation averaging 2.4% in 2018 and 2.2% in 2019. Met the why particular Consensus Forecast analysts see inflation averaging 2.2% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, our panelists see inflation averaging 2.0%, unchanged from last month’s forecast.
Canada - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.9||1.9||1.1||1.4||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Canada Inflation Chart
Source: Statistics Canada.
|Bond Yield||2.42||1.00 %||Nov 14|
|Exchange Rate||1.32||0.15 %||Nov 15|
|Stock Market||15,145||0.23 %||Nov 15|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 31, 2018
Economic growth came in at 0.1% in monthly terms in August, on the heels of a stronger 0.2% month-on-month expansion in July.
October 22, 2018
On 1 October, after more than a year of tense negotiations, Canada and the United States agreed to maintain their longtime free-trade relationship, seemingly ending an uneasy chapter of neighborly brinkmanship that, only months ago, had threatened to upend the continent’s trading landscape.
October 19, 2018
Seasonally-adjusted consumer prices fell 0.1% from a month earlier in September, contrasting August’s 0.1% rise.
September 28, 2018
Economic growth came in at 0.2% in monthly terms in July, on the heels of an essentially flat reading in June.
September 12, 2018
House prices rose 0.2% on a monthly basis in August as the Teranet-National Bank National Composite House Price Index ticked higher, down from July’s 0.8% month-on-month increase.