Inflation Rate in Canada increased to 2 percent in October from 1.60 percent in September of 2024. This page provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
This inflation calculator uses the official Canadian consumer price index. An inflation rate of 3.02% per year means $100 in 1915 is worth $2,638.04 in 2025.
The statistic shows the average inflation rate in Canada from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money through...
The Consumer Price Index in Canada increased 0.40 percent in October of 2024 over the previous month. This page provides - Canada Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.
“A rate cut in June is not just possible; it’s becoming the main consideration,” he said. Tu Nguyen, an economist with RSM Canada, said a June rate cut is now a “no-brainer.” “As the economy dragged along and headline inflation fell in the 1-3 per cent range for the fourth...
The central bank’s interest rate cuts have helped take pressure off shelter price inflation as mortgage interest costs decelerate. Pressure in the rental market has also relented, with rent rising 7.3% from a year ago, down from an 8.2% annual gain in September. ...
The slowdown in the headline rate comes after inflation ticked up slightly in April to 4.4 per cent, setting off some alarm bells at the Bank of Canada. Advertisement Forecasters were widely anticipating a sharp decline in inflation this year, as price increases slow compared to the...
We don't think the BoC will keep cutting at this current pace. The policy rate is in the bank's 'neutral' range (2.25% to 3.25%), which means it probably thinks its rate is no longer weighing on economic growth. The central bank will also be getting more evidence over the coming mo...
OTTAWA, Feb. 16 (Xinhua) -- Canada's inflation rate surpassed 5 percent for the first time since September 1991, rising 5.1 percent on a year-over-year basis and up from a 4.8 percent gain in December 2021, Statistics Canada said Wednesday. ...
Still, Tuesday’s inflation print probably won’t entirely eliminate bets for a bigger rate cuts. That’s because the central bank had already expected a bump along the road, with consumer prices hovering around 2%, as policymakers keep cutting rates to boost economic growth. ...