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- The pace of inflation is cooling. The annual rate came in at seven per cent in August, Statistics Canada reported this week. That's down from the four-decade high we saw in June. But that doesn't mean prices are coming down. Even the most optimistic scenarios forecast prices will continue to climb even as inflation comes back under control.
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What is the relative trend of inflation in Canada and the US?
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How did inflation affect Canadians in 2022?
Oct 15, 2024 · The consumer price index rose 1.6% in September from a year ago, following a 2% increase a month earlier, Statistics Canada reported Tuesday in Ottawa. That’s slower than the median estimate of 1.8% in a Bloomberg survey of economists.
Feb 27, 2023 · By mid-2022, consumer inflation had accelerated to its fastest pace in four decades, peaking at 8.1% in June. The headline inflation rate eased in late 2022 as gasoline prices fell. However, key sources of inflationary pressure such as food and shelter show little signs of moderating.
Jun 23, 2022 · Canada's inflation rate now at 7.7% — its highest point since 1983. Because unless you are convinced that inflation is permanently out of control and the price of everything will keep rising...
Sep 22, 2022 · Canada's inflation rate cools to 7%, but food prices are still climbing. He says inflation devours our purchasing power. Sure, the cost of just about everything is surging. But wages aren't...
Feb 24, 2022 · Food, gas and housing prices are on the rise while paycheques are slow to keep pace. The CBC News series Priced Out explains why you're paying more at the register and how Canadians are coping...
There is some confusion about the relative trend of inflation in Canada and the US. The widely-publicized Consumer Price Index (CPI) for the US rose by 5.4 percent in the year ending in July 2021, compared with a 3.7 percent increase in Canada. However, the CPI is measured differently in Canada and the US.
Feb 22, 2023 · Consumer inflation in Canada less pronounced than in several over G7 countries, including the United States. Inflationary pressure became increasingly broad-based during 2021 and 2022. Rising food prices and housing costs are key stressors for Canadian families.
