Producer Prices in Canada
Canada - Producer Prices
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 - Producer Prices Data
|Inflation (PPI, annual variation in %)||0.4||2.5||-0.8||-0.2||3.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.33||1.00 %||Nov 28|
|Exchange Rate||1.33||0.15 %||Nov 29|
|Stock Market||15,194||0.23 %||Nov 29|
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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.