Inflation in Canada

Canada Inflation (eop) | Economic News & Forecasts

Canada - Inflation (end of period)

Inflation jumps in March

Consumer prices increased a seasonally-adjusted 0.3% from a month earlier in March, down from February’s revised 0.4% rise (previously reported: +0.3% month-on-month). According to Statistics Canada, the uptick was mostly driven by higher prices for food, shelter and transportation.

Inflation notched up to 1.9% in March (February: 1.5%), as analysts had projected, but remained slightly below the midpoint of the Central Bank’s target range of 1.0% to 3.0%. Meanwhile, annual average inflation was stable at February’s 2.2%. Core inflation, which excludes volatile items including fuels and fresh produce, inched down to 1.9% in March from 2.0% in the month prior.

In its January monetary policy report, the Bank of Canada projected inflation averaging 1.7% in 2019 and 2.0% in 2020. Met the why particular Consensus Forecast analysts, meanwhile, see inflation averaging 1.8% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists see inflation averaging 2.0%.

Canada - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)1.2  1.5  1.6  1.5  1.9  

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Canada Inflation (eop) Chart


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

Canada Facts

ValueChangeDate
Bond Yield1.941.00 %Jan 29
Exchange Rate1.310.15 %Jan 30
Stock Market15,4850.23 %Jan 30

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