June’s inflation report in Canada confirms that the economy is on a disinflationary trajectory as headline inflation dropped to 2.7% because of slower growth in gasoline prices. On a monthly basis, the consumer price index fell by 0.1% after a 0.6% increase in May. On a seasonally adjusted monthly ... READ MORE >
Canada consumer price index
Canada’s inflation fell to 2.7%, bolstering case for June rate cut
Canada's consumer price index report for April offers a clear message for the Bank of Canada: A rate cut in June is a no brainer. Headline inflation fell to 2.7 per cent, within the 1 per cent to 3 per cent range for the fourth month in a row and the lowest since early 2021, a full year before this ... READ MORE >
February’s inflation in Canada makes case for rate cuts
Canada's consumer price index fell to 2.8% February, marking the second consecutive month of decline and bolstering the case for the Bank of Canada to cut rates. The decline wasn't limited to just the headline number. Core measures of inflation eased as well: Trimmed CPI, which excludes extreme price ... READ MORE >
Canada’s inflation excluding shelter hit target in January
Canada's consumer price index report for January brought good news for consumers, businesses and the Bank of Canada alike. CPI dropped to 2.9%, led by lower year-over-year figures in gasoline prices. On a monthly basis, prices stayed flat. Consumers breathed a sigh of relief as grocery prices grew ... READ MORE >
Canada’s inflation accelerated to 3.4% in December
December’s Consumer Price Index report for Canada is another bump in the road in the path toward price stability. The overall index rose by 3.4% on a year-over-year basis in December, up from 3.1% in November, primarily because of the base effect, or comparisons to a year ago. Prices dropped from ... READ MORE >
Inflation in Canada stayed steady at 3.1%
Canada’s inflation in November failed to make progress, staying steady at 3.1%. But core inflation apart from housing and food continued to trend lower and came in around 3.5%, markedly lower than earlier this year. Food and housing remain primary drivers of inflation. On a year-over-year basis, ... READ MORE >
Canada sees disinflation as gasoline prices ease
Canada’s consumer price index in October speaks loud and clear: Disinflation is here, and no more rate hikes by the Bank of Canada are needed. Inflation fell to 3.1% on a year-over-year basis, according to Statistics Canada on Tuesday. On a monthly basis, prices fell by 0.1%. The plunge is largely ... READ MORE >
Canadian inflation fell to lowest since August 2021
Canada’s inflation rate dropped to 4.3% in March on an annual basis from 5.4% in the prior month, driven largely by comparisons to the surging energy and food prices of a year ago, according to data released by Statistics Canada on Tuesday. While disinflation was expected as the Bank of ... READ MORE >
Canada inflation slows in February
Canada's inflation plunged to 5.2% from 5.9% on a year-ago basis in February as comparisons to last year’s elevated numbers kicked in, Statistics Canada reported on Tuesday. Prices spiked during the same period last year because of supply chain disruptions and the war in Ukraine. Inflation ... READ MORE >
Canada’s annual inflation slows again, yet Bank of Canada’s work is not done
Canada’s inflation continued to decelerate on a year-ago basis for the seventh month in a row as the Bank of Canada’s rate-hike campaign to slow down the economy showed more results. The consumer price index rose by 5.9% from 12 months ago in January, down from 6.3% in December, and lower than the ... READ MORE >