Inflation in Canada
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
|Inflation Rate (CPI, annual variation in %, eop)||1.2||1.5||1.6||1.5||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Canada Inflation (eop) Chart
Source: Statistics Canada.
|Bond Yield||1.94||1.00 %||Jan 29|
|Exchange Rate||1.31||0.15 %||Jan 30|
|Stock Market||15,485||0.23 %||Jan 30|
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April 17, 2019
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).
April 12, 2019
House prices fell 0.3% on a seasonally-adjusted monthly basis in March, according to the Teranet-National Bank National Composite House Price Index (February: -0.4%).
April 8, 2019
Housing starts on a seasonally-adjusted annualized (SAAR) basis climbed to 192,527 units in March, according to the Canada Mortgage and Housing Corporation (CMHC).
April 1, 2019
In March, the seasonally-adjusted IHS Markit Manufacturing Purchasing Manager’s Index (PMI) fell sharply to 50.5 from 52.6 a month earlier, marking the weakest expansion in two-and-a-half years.
March 29, 2019
Confounding analysts’ expectations, the economy grew 0.3% month-on-month in January, following December’s 0.1% month-on-month contraction.