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Canada Inflation RateThe inflation rate in Canada was last reported at 2.5 percent in January of 2012. From 1915 until 2010, the average inflation rate in Canada was 3.26 percent reaching an historical high of 21.60 percent in June of 1920 and a record low of -17.80 percent in June of 1921. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: Canada Inflation Rate chart, historical data and news.
Canada's Annual Inflation Rate Up to 2.5% in January
Published on 2/17/2012 7:14:14 PM
| By TradingEconomics.com, Statistics Canada
Consumer prices rose 2.5% in the 12 months to January, led by increases for food and energy. The January rise followed a 2.3% increase in December.
Food prices rose 4.2% on a year-over-year basis in January following a 4.4% increase in December. In January, consumers paid 4.9% more for food purchased from stores and 2.8% more for food purchased from restaurants compared with January 2011.
The cost of energy advanced 6.5% in the 12 months to January, after rising 6.0% in December. Gasoline prices increased 6.8% in January. The electricity index rose 7.3%, with notable increases recorded in Alberta and Nova Scotia. Prices for fuel oil went up 17.1% while natural gas prices fell 0.7%.
Excluding food and energy, consumer prices increased 1.6% in the 12 months to January after rising 1.3% in December. The 0.3 percentage point difference was led by higher prices for the purchase of passenger vehicles.
12-month change: Prices up in seven of the eight major components
On a year-over-year basis, prices rose in seven of the eight major components in January, the exception being recreation, education and reading. Transportation and food continued to post the largest increases.
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Canada News
Canada's Annual Inflation Rate Up to 2.5% in January
Published: 2/17/2012 7:14:14 PM
By: TradingEconomics.com, Statistics Canada
Consumer prices rose 2.5% in the 12 months to January, led by increases for food and energy. The January rise followed a 2.3% increase in December.
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Canada's Trade Surplus Widens in December
Published: 2/11/2012 11:20:37 AM
By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports rose 4.5% and imports edged up 0.8%. As a result, Canada's trade surplus rose from $1.2 billion in November to $2.7 billion in December.
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Canada's Unemployment Rate Up to 7.6% in January
Published: 2/3/2012 12:13:03 PM
By: TradingEconomics.com, Statistics Canada
Canada's unemployment rate edged up 0.1 percentage points to 7.6% as more people searched for work. Compared with 12 months earlier, employment rose by 129,000 (+0.7%), with most of the growth occurring in the first six months of this period.
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Canadian Inflation Down to 2.3% in December
Published: 1/20/2012 5:39:56 PM
By: TradingEconomics.com, Statistics Canada
Consumer prices rose 2.3% in the 12 months to December, following a 2.9% increase in November. The 0.6 percentage point difference was led by a slower increase in gasoline prices as well as declines for the purchase of passenger vehicles. A slower year-over-year increase for food was also a factor.
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Bank of Canada Keeps Rates Unchanged
Published: 1/17/2012 9:29:18 PM
By: Bank of Canada
The Bank of Canada announced on January 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
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Canada Reports Trade Surplus in November
Published: 1/13/2012 5:19:27 PM
By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports increased 3.2%, while imports declined 0.8%. As a result, Canada's trade balance with the world went from a deficit of $487 million in October to a surplus of $1.1 billion in November.
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Canada's Unemployment Rate Up to 7.5% in December
Published: 1/6/2012 2:06:59 PM
By: TradingEconomics.com, Statistics Canada
Following two months of declines, employment rose slightly in December, up 18,000. The unemployment rate edged up to 7.5% as more people participated in the labour market. Over the past 12 months, employment growth totalled 1.2% (+199,000), with nearly all of the gains in the first half of the year.
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Canada Inflation Rate Unchanged in November
Published: 12/20/2011 1:22:38 PM
By: TradingEconomics.com, Statistics Canada
Consumer prices rose 2.9% in the 12 months to November, matching the increase in October. While the 12-month change in gasoline prices continued to ease, the year-over-year increase in food prices remained high.
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Canada Reports Trade Deficit in October
Published: 12/9/2011 1:54:02 PM
By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports declined 3.0% and imports rose 1.9% in October. Consequently, Canada's trade balance with the world went from a surplus of $1.0 billion in September to a deficit of $885 million in October.
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Bank of Canada Keeps Interest Rate at 1%
Published: 12/6/2011 2:23:00 PM
By: TradingEconomics.com, Bank of Canada
The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
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Inflation Rate Definition
In mainstream economics, the word “inflation” refers to a general rise in prices
measured against a standard level of purchasing power. Previously the term was used
to refer to an increase in the money supply, which is now referred to as expansionary
monetary policy or monetary inflation. Inflation is measured by comparing two sets
of goods at two points in time, and computing the increase in cost not reflected
by an increase in quality. There are, therefore, many measures of inflation depending
on the specific circumstances.
The most well known are the CPI which measures consumer prices, and the GDP deflator,
which measures inflation in the whole of the domestic economy.The prevailing view
in mainstream economics is that inflation is caused by the interaction of the supply
of money with output and interest rates. Mainstream economist views can be broadly
divided into two camps: the "monetarists" who believe that monetary effects dominate
all others in setting the rate of inflation, and the "Keynesians" who believe that
the interaction of money, interest and output dominate over other effects. Other
theories, such as those of the Austrian school of economics, believe that an inflation
of overall prices is a result from an increase in the supply of money by central
banking authorities.
Related concepts include: deflation, a general falling level of prices; disinflation,
the reduction of the rate of inflation; hyper-inflation, an out-of-control inflationary
spiral; stagflation, a combination of inflation and poor economic growth; and reflation,
which is an attempt to raise prices to counteract deflationary pressures(source: wikipedia).
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