Inflation in Canada inched down in November, implying more room for the Bank of Canada to raise interest rates despite a slowing economy. November's headline Consumer Price Index dropped to a 6.8% increase from 6.9% on a year-ago basis, remaining significantly above the 2% target rate, ... READ MORE >
Canada consumer price index
Canada inflation remains elevated amid high gas prices
Despite aggressive interest rate hikes and an economy that is beginning to cool, inflation in Canada remained elevated in October. The consumer price index rose by 6.9% on a year-over-year basis, matching September’s increase. On a month-over-month basis, the index rose by 0.7%, the largest increase since ... READ MORE >
Canada’s inflation refuses to cool
September’s consumer price index for Canada put out any hope that inflation will get back under control anytime soon and only added pressure on the Bank of Canada to maintain its aggressive interest rate hikes. Canada’s CPI rose by 6.9% on a year-over-year basis, slightly down from 7% in August, ... READ MORE >
Canada inflation hits 8.1% but shows signs of softening
Inflation reached 8.1% in June in Canada, the highest since January 1983, although the pace of the increase eased compared to previous months, according to data released by Statistics Canada on Wednesday. On a monthly basis, the consumer price index rose by 0.7% in June, down from 1.4% in May. More ... READ MORE >
Rising inflation eases but Canada’s housing remains a concern
April brought a hint that inflation could soon peak in Canada. The Consumer Price Index rose at an annual rate of 6.8%, a slight increase from March, while all measures of core inflation continued to rise, according to data from Statistics Canada released on Wednesday. On a monthly basis, the increase ... READ MORE >
Canada’s inflation hits 5.7% in a warmup for what’s ahead
Canada's inflation rate hit 5.7% year over year in February, up from 5.1% in January, as price increases continued to broaden across categories, according to data from Statistics Canada on Wednesday. The eye-popping figures, however, do not capture price increases associated with Russia’s invasion of ... READ MORE >
Canada inflation highest since 1991 as supply chain disruptions continue
Canada’s consumer price index hit 4.8% in December, the highest since 1991 as supply chain disruptions continued, according to data released by Statistics Canada on Wednesday. The inflation is driven by supply chain disruptions, pent-up demand and inflation expectations. While pent-up demand is ... READ MORE >
Canada inflation steady at 4.7% amid high gasoline and food prices
Canada’s inflation in November remained at 4.7% on an annual basis, primarily because of increasing prices for gasoline, food and shelter, according to data released by Statistics Canada on Wednesday. From the previous month, consumer prices rose slightly, by 0.2%. Excluding food and energy, the ... READ MORE >
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices, according Consumer Price Index data released by Statistics Canada on Wednesday. Excluding food and energy, inflation stood at a more ... READ MORE >