Producer Prices in Canada

Canada Producer Prices | Economic News & Forecasts

Canada - Producer Prices

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 - Producer Prices Data

2013  2014  2015  2016  2017  
Inflation (PPI, annual variation in %)0.4  2.5  -0.8  -0.2  3.1  

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