Statistics Canada says inflation has hit its highest point in eight years, as soaring gasoline prices have left consumers reaching deep into their pockets to cover their transportation costs.
For the 12-month period ending in May, consumer prices were up 3.7 per cent.
StatsCan says this bump in inflation is due mostly to rising gasoline prices, but Canadians are also paying more for food and shelter. ...
Posted by Constantine Isslamow
on June 29, 2011
Inflation numbers from April released, annual rate unchanged
Canada's annual inflation rate remained unchanged in April, at the elevated level of 3.3 per cent. It was the second straight month consumer prices were above the 2 per cent target The Bank of Canada strives to maintain. Statistics Canada says, it was energy - particularly prices at the gas pumps - that has been driving inflation.
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Posted by Constantine Isslamow
on May 21, 2011
Higher gasoline prices pushed Canada's annual inflation rate to 1.3 per cent in December, the fastest pace since February of 2009 but below what economists expected and well within the Bank of Canada's comfort zone.
On a month-to-month basis, consumer prices fell 0.3 per cent from November, Statistics Canada said Wednesday.
The core annual inflation rate, which excludes volatile goods such as gasoline, ...
Posted by Constantine Isslamow
on January 20, 2010
The annual inflation rate rose a less-than-expected 1.3 per cent in December, said Statistics Canada, and core inflation stayed at 1.5 per cent - a half a percentage point below the Bank of Canada's target rate.
In addition, consumer prices dropped last month.
"The way markets look at it is that because inflation remains subdued, it puts even less pressure on the Bank of Canada to raise interest ...
Posted by Constantine Isslamow
on January 20, 2010
Canada's annual inflation rose 0.9 per cent in November up from 0.1 per cent in October. November is the second straight month increase, due mainly from higher gasoline prices.
The increase is the fastest rate in eight months. Gas prices were 14.1% higher in the month compared to November 2008.
Housing costs declined by 1.7% mainly from home heating costs and natural gas falling 29.7% and fuel oil ...
Posted by Constantine Isslamow
on December 18, 2009
Canada's annual inflation rose 0.1 per cent in October from negative 0.9 per cent in September. It's the first increase in five months, ending the longest period of falling prices since 1953.
Consumer Price Index (CPI) 2005 basket content Year-over-year percentage change
YEARJANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC
2000
2.2
2.7
3.0
2.2
2.4
2.8
2.9
2.6
2.7
2.8
3.2
3.2 ...
Posted by Constantine Isslamow
on November 18, 2009
The average rate of increase in prices. When economists speak of inflation as an economic problem, they generally mean a persistent increase in the general price level over a period of time, resulting in a decline in a currency’s purchasing power. Inflation is often measured as a percentage increase in the consumer price index (CPI). Canada’s inflation policy, as set out by the federal ...
Posted by Constantine Isslamow
on November 4, 2009
Inflation rate
The average rate of increase in prices. When economists speak of inflation as an economic problem, they generally mean a persistent increase in the general price level over a period of time, resulting in a decline in a currency’s purchasing power. Inflation is often measured as a percentage increase in the consumer price index (CPI). Canada’s inflation policy, as set out ...
Posted by Constantine Isslamow
on October 16, 2009
Canada's annual inflation rate hit a 56-year-low in July, when prices fell by 0.9 percent from a year earlier on sharply lower energy prices, Statistics Canada said on Wednesday.
Analysts had on average expected an annual decline of 0.8 percent. July's figure -- the lowest since the 1.4 percent drop recorded in July 1953 -- is far weaker than the Bank of Canada's target range of around 2 percent ...
Posted by Constantine Isslamow
on August 19, 2009
Canada's annual inflation rate slid below zero in June, falling to minus 0.3 per cent from 0.1 per cent in May. It's the first time the rate fell to below zero since 1994.
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Posted by Constantine Isslamow
on July 17, 2009