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...
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.
OTTAWA — Canada's inflation rate tumbled in May as price shocks caused by the Russian invasion of Ukraine have been mostly absorbed, but economists are still expecting the Bank of Canada to move ahead with another rate hike next month. Statistics Canada reported Tuesda...
Andrew Grantham, an economist with the Canadian Imperial Bank of Commerce, said in a report that the spike higher in gasoline prices in early March, despite now partly fading, should see headline inflation accelerate again next month to just over 6 percent. Meanwhile, supply chain issues will t...
Does anyone else have déjà vu? After the inflation rate inCanadarose to 4.8 percent last month, Statistics Canada is now reporting the annual rate of inflation has risen to 5.1 percent for the first time in thirty years. This is the fastest pace for inflation recorded in the countr...
OTTAWA (Reuters) -Canada's annual inflation rate slowed more than expected to 1.6% in September, mainly on cheaper gasoline, but indicators of underlying price pressures held steady, data showed on Tuesday. Analysts polled by Reuters had forecast the inflation rate would cool to ...
Canada Inflation Rate 1.80 1.90 percent Dec 2024 Canada Interest Rate 3.25 3.75 percent Dec 2024 Canada Unemployment Rate 6.70 6.80 percent Dec 2024Canada Stock Market Index (TSX)The S&P/TSX is a major stock market index that tracks the performance of around 230 companies on the Toronto Stock ...
“The effect of past rate hikes feed into consumer prices persistently with a lag,” Royal Bank of Canada economist Abbey Xu said. Olivia Cross, North America economist at Capital Economics, said the Bank of Canada will be pleased with January’s inflation report, and not just because the ...
12. Here is the latest data for the central bank's rate decisions since March 2022— when it started raising rates to curb inflation before cuts began in June 2024— and the inflation rate for each month. Source: Bank of Canada, Statistics Canada Bank of Canada ...
Inflation is now at 2%, the bank's target, and Macklem reiterated that he wanted to see growth pick up. Canada's economy grew at an annualized rate of just 1% in the third quarter, less than the Bank of Canada had predicted. The bank said fourth-quarter growth might be weaker...