Jeffrey Qián 錢 曄 // 778-238-2014 // info@jeffreyqian.com

Canadian Inflation

The Consumer Price Index (CPI), which measures the rate of inflation in Canada,  rose 1.5 per cent in the 12 months to May, down 0.2 points from inflation in April. Gasoline prices were a significant drag on overall inflation, excluding gasoline, inflation was running at 1.9 per cent.  The Bank of Canada's core measure of inflation, which excludes volatile components like food and gasoline increased 0.1 point to 2.1 per cent, close to the Bank's target for inflation of 2 per cent.   In BC, provincial consumer price inflation was 1.7 per cent.

With inflation held in check by flagging commodity prices and a slow growing economy, there is very little pressure on the Bank of Canada to tighten interest rates.  Given the current outlook for the Canadian economy, inflation should remain below target over the next two years, keeping the Bank on the sidelines for the foreseeable future.

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.