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- Many people hope 2024 will bring a drop in prices for consumer goods. (Susan Walsh/The Associated Press) It's been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing economy. But a handful of economic indicators give us some hope for 2024.
www.cbc.ca/news/business/armstrong-inflation-economy-1.7066473
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Jun 18, 2024 · This paper describes the composition of the Consumer Price Index (CPI) basket and the changes introduced with the 2024 basket update, based on 2023 expenditure weights.
Jan 1, 2024 · The prices of everyday items soared in Canada over the past year, fuelling a cost-of-living crisis. But are the inflated prices here to stay, or could 2024 bring some reprieve?
Apr 24, 2024 · While goods inflation has slowed markedly, averaging 1.6% over the past five months, prices for goods are 15.9% higher than in early 2021. Cumulative price increases for services stand at 14.0%, with annual price growth above the four percent mark in early 2024.
Dec 7, 2023 · Canada's Food Price Report predicts that overall food prices will go up in 2024, but some products could get cheaper as many industry challenges have eased.
Oct 11, 2024 · Inflation expectations for key services, such as rent, meals in restaurants and entertainment, eased significantly from last quarter, while inflation expectations for key goods, such as food in stores and gasoline, eased slightly . However, consumers continue to expect short-term price inflation to be higher for key services than for key goods.
Feb 7, 2024 · Core goods prices will likely return to modest positive gains in the first half of 2024, according to J.P. Morgan Research estimates. On the other hand, the strength in core services inflation remains striking and is fairly uniform across regions, reflecting still-tight labor markets.
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