- Analytics
- News and Tools
- Market News
- Canada’s inflation rises in line with expectations in April
Canada’s inflation rises in line with expectations in April
Statistics Canada reported on Wednesday the country’s consumer price index (CPI) rose 0.4 percent m-o-m in April, following a 0.7 percent m-o-m gain in the previous month.
On the y-o-y basis, Canada’s inflation rate increased 2.0 percent last month after a 1.9 percent gain in March. That was the highest inflation rate since December 2018.
Economists had predicted inflation would increase 0.4 percent m-o-m and 2.0 percent y-o-y in April.
According to the report, prices went up in seven of the eight major components in the 12 months to April. The shelter prices (+2.7 percent y-o-y) contributed the most to the April increase in the CPI, while prices for household operations, furnishings and equipment posted a decline (-0.1 percent y-o-y). Energy prices rose 0.7 percent y-o-y in April, recording the first 12-month gain since October 2018. Food prices surged 2.9 percent y-o-y last month, decelerating from a 3.6 percent y-o-y advance in March.
The closely watched the Bank of Canada's core index increased 1.5 percent y-o-y in April after gaining 1.6 percent y-o-y in the previous month. Economists had forecast an advance of 1.8 percent y-o-y.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
