Canada's inflation rate finally hit the Bank of Canada's target.
WEB3 days ago · Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.
Inflation in Canada Hits 2% Target for First Time Since 2021
WEB3 days ago · Inflation & Prices. Inflation in Canada Hits 2% Target for First Time Since 2021. Core measures decreased to average of 2.35% year-on-year. Headline inflation fell largely due to lower gasoline ...
Canada's inflation rate: 2% in August | CTV News
WEB3 days ago · Share. OTTAWA -. Canada's annual inflation rate reached the central bank's 2 per cent target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by the country ...
Bank of Canada members split on inflation outlook, minutes show
WEB2 days ago · Reuters. Wed, Sep 18, 2024, 1:35 PM 2 min read. The Bank of Canada's governing council was split on the outlook for inflation ahead of its Sept 4 decision to cut rates for the third time in a row ...
The Daily — Consumer Price Index, August 2024 - Statistics Canada
WEB3 days ago · August 2024. -0.1%. (12-month change) Source (s): Table 18-10-0004-01. The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in August, increasing at the slowest pace since February 2021, and down from a 2.5% gain in July 2024. The deceleration in headline inflation in August was due, in …
Canada's inflation rate cools to 3.1% but the cost of living keeps ...
WEBNov 21, 2023 · Canada's consumer price index rose by 3.1 per cent in the year up to October, down from 3.8 per cent the previous month but in line with what economists were expecting.
Inflation jumped higher last month, to 3.3% | CBC News
WEBAug 15, 2023 · Canada's inflation rate bucked its recent trend of slowing last month and instead rose at a 3.3 per cent annual pace in July, Statistics Canada said Tuesday.
Consumer price index - Bank of Canada
WEBMonetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflation will be bumpy. Inflation returns sustainably to the 2% target in the second half of 2025.
The Daily — Insights on inflation in Canada - Statistics Canada
WEBJun 28, 2023 · The results shed light on the extent to which the recent inflation is driven by forces largely external to Canada. The second and third articles focus on the role of key internal factors, in particular labour costs, non-labour costs and the margin between output prices and costs.
Inflation ticked up to 2.9% in May. Are July rate cut ... - Global News
WEBJun 25, 2024 · Inflation accelerated in May as the costs of services and groceries ticked up, Statistics Canada said Tuesday. The annual rate of inflation was 2.9 per cent in May, the agency said. That’s up...