Key Indicators Inflation Rate October 16, 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 by the federal government and the Bank of Canada, aims to keep inflation within a target range of 1 to 3 per cent. If the rate of inflation is 1 per cent a year, $100 worth of purchases last year will, on average, cost $101 this year. At the same inflation rate, those purchases will cost $102.01 next year, and so on.
Consumer Price Index (CPI)
2005 basket content
Year-over-year percentage change
| YEAR | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
| 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 |
| 2001 |
3.0 |
2.9 |
2.4 |
3.5 |
3.9 |
3.4 |
2.7 |
2.8 |
2.6 |
1.9 |
0.6 |
0.7 |
| 2002 |
1.3 |
1.4 |
1.9 |
1.7 |
1.1 |
1.2 |
2.1 |
2.5 |
2.3 |
3.2 |
4.4 |
3.8 |
| 2003 |
4.5 |
4.7 |
4.2 |
2.9 |
2.8 |
2.6 |
2.1 |
2.0 |
2.2 |
1.6 |
1.6 |
2.1 |
| 2004 |
1.3 |
0.7 |
0.8 |
1.7 |
2.4 |
2.5 |
2.3 |
1.8 |
1.8 |
2.3 |
2.4 |
2.1 |
| 2005 |
1.9 |
2.1 |
2.3 |
2.4 |
1.6 |
1.7 |
2.0 |
2.6 |
3.2 |
2.6 |
2.0 |
2.1 |
| 2006 |
2.8 |
2.2 |
2.2 |
2.4 |
2.8 |
2.4 |
2.3 |
2.1 |
0.7 |
1.0 |
1.4 |
1.7 |
| 2007 |
1.1 |
2.0 |
2.3 |
2.2 |
2.2 |
2.2 |
2.2 |
1.7 |
2.5 |
2.4 |
2.5 |
2.4 |
| 2008 |
2.2 |
1.8 |
1.4 |
1.7 |
2.2 |
3.1 |
3.4 |
3.5 |
3.4 |
2.6 |
2.0 |
1.2 |
| 2009 |
1.1 |
1.4 |
1.2 |
0.4 |
0.1 |
-0.3 |
-0.9 |
-0.8 |
-0.9 |
|
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Constantine Isslamow
Real Estate Broker/Mortgage Broker/Manager
Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc.
Independently Owned and Operated
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Source: Statistics Canada
www.statcan.gc.ca
Posted by Constantine Isslamow
on October 16, 2009