Canadian CPI Archives - Better Dwelling

Canadian Inflation Hits Highest Growth In 31 Years, Experts See Interest Rates Surging

Stephen Punwasi — Wed, 20 Apr 2022 16:03:12 +0000

Canadian households were hit with the fastest rise in living expenses in over 3 decades. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth for March was the highest in over 31 years. High crude oil prices have been the focus of most media attention, but the issue is much more […]

The post Canadian Inflation Hits Highest Growth In 31 Years, Experts See Interest Rates Surging appeared first on Better Dwelling.

Canada’s Oldest Bank Sees Much Higher Inflation As Commodity Prices Rise

Daniel Wong — Wed, 23 Feb 2022 01:04:02 +0000

Expectations for higher inflation in Canada are rising as it spreads to more components. BMO Capital Markets’ latest forecast contained upward revisions for the consumer price index (CPI). The measure of inflation is expected to rise faster this year as the commodity prices soar. The gap between the Bank of Canada (BoC) forecast and BMO […]

The post Canada’s Oldest Bank Sees Much Higher Inflation As Commodity Prices Rise appeared first on Better Dwelling.

Canadian Inflation Pressure Is Broadening Across Categories As It Hits 3 Decade High

Daniel Wong — Thu, 17 Feb 2022 04:16:27 +0000

Canadian inflation didn’t hear your transitory call apparently — it’s widening to other categories. Statistics Canada (Stat Can) data shows the consumer price index (CPI) soared in January. The annual growth rate reached 5.1% for the month, advancing from 4.8% a month before. Canada’s inflation hasn’t grown this fast since September 1991, three decades ago. […]

The post Canadian Inflation Pressure Is Broadening Across Categories As It Hits 3 Decade High appeared first on Better Dwelling.

Canadian Inflation Hit An 18-Year High At 4.7% But It’s Much Higher In Some Provinces

Daniel Wong — Wed, 17 Nov 2021 17:34:21 +0000

Canada’s inflation problem is getting worse, as the latest reading jumped to a multi-year high. The Consumer Price Index (CPI) ripped higher in October, according to Statistics Canada (Stat Can). Annual growth reached an 18-year high in the latest data, though you’d be lucky if your expenses increased by only that much. The majority of […]

The post Canadian Inflation Hit An 18-Year High At 4.7% But It’s Much Higher In Some Provinces appeared first on Better Dwelling.

Canadian Inflation Will Be High Through Next Year, The Media Got Us Wrong: BMO

Daniel Wong — Sat, 18 Sep 2021 16:33:20 +0000

Canadians are seeing higher inflation and one of the country’s biggest banks thinks you might want to get used to it. BMO senior economist Douglas Porter wrote to capital markets customers to clarify a position in a national newspaper. The outlet had isolated his quote, and used it to downplay concerns about inflation. In reality, […]

The post Canadian Inflation Will Be High Through Next Year, The Media Got Us Wrong: BMO appeared first on Better Dwelling.

Soaring Canadian Home Prices Help To Push Inflation To The Highest Level In Years

Daniel Wong — Thu, 19 Aug 2021 02:15:47 +0000

Canadian inflation made an unexpected surge last month. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) jumped in July. The measure of inflation accelerated after a brief pause the month before. Housing once again played a big role in the acceleration of the cost of living. Canadians Saw Their Cost of Living […]

The post Soaring Canadian Home Prices Help To Push Inflation To The Highest Level In Years appeared first on Better Dwelling.

Canada Is Making A “Mistake” That Will Underestimate Inflation: Big Six Bank

Stephen Punwasi — Wed, 28 Jul 2021 22:01:00 +0000

Canadian inflation should be smooth sailing, coming in low and stable from now on. A small catch though — your cost of living may not actually see low inflation. Statistics Canada (Stat Can) consumer price index (CPI) data shows an unexpected slowdown in June. The popular interpretation for today’s release is, this proves high inflation […]

The post Canada Is Making A “Mistake” That Will Underestimate Inflation: Big Six Bank appeared first on Better Dwelling.

Canada Is Increasing The Weight of Shelter For Inflation… It Will Lower The Numbers

Stephen Punwasi — Fri, 23 Jul 2021 21:25:20 +0000

Canadians have been begging for housing costs to have a greater influence on inflation. They’re going to finally get what they’ve been asking for… but it’s going to work against them. The consumer price index (CPI) basket weights got an update from Statistics Canada (Stat Can). One of the biggest changes to the index is […]

The post Canada Is Increasing The Weight of Shelter For Inflation… It Will Lower The Numbers appeared first on Better Dwelling.

Rising Canadian Real Estate Costs Send Inflation Soaring, and It’s Not Just A Base Effect

Daniel Wong — Wed, 16 Jun 2021 16:12:18 +0000

Canadian shelter costs are soaring, but haven’t contributed much to inflation data. That is, until now. Statistics Canada (Stat Can) updated its consumer price index (CPI) for May. The index is accelerating at the fastest rate in over half a decade, and for the most part — it’s not base-effect. Gasoline and shelter costs were […]

The post Rising Canadian Real Estate Costs Send Inflation Soaring, and It’s Not Just A Base Effect appeared first on Better Dwelling.