Consumer prices on the decline in Canada in May

Gasoline prices rose 16.9 per cent on a month-over-month basis in May after falling significantly in April (-15.2 per cent) and March (-17.8 per cent)

Consumer prices on the decline in Canada in MayThe Consumer Price Index (CPI) fell 0.4 per cent on a year-over-year basis in May, down from a 0.2 per cent decline in April, according to data released Wednesday by Statistics Canada. Excluding gasoline, the CPI rose 0.7 per cent, the smallest increase since January 2013, said the federal agency. “Prices rose in four of…

Better get used to higher food prices

The food sector has never been recession-proof. But COVID-19 may show us that it’s immune to deflationary pressures

Better get used to higher food pricesDespite a negative inflation rate overall, recent Statistics Canada numbers tell us we’re in for a wild ride at the grocery store. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December, Canada’s Food Price Report predicted a food inflation rate of about 4.0…

First year-over-year decline in consumer prices since September 2009

Gasoline prices fell 39.3 per cent on a year-over-year basis in April, the largest year-over-year decline on record, says Statistics Canada

First year-over-year decline in consumer prices since September 2009The Consumer Price Index in Canada fell 0.2 per cent on a year-over-year basis in April, down from a 0.9 per cent gain in March, marking the first year-over-year decline in the CPI since September 2009, reported Statistics Canada on Wednesday. The CPI declined as energy prices fell as a result of the COVID-19 pandemic.…

Canadian annual inflation rate decelerated the most since September 2006

Year over year in Alberta prices were up 0.7 per cent in March. In February, annual inflation was 2.5 per cent, says Statistics Canada

Canadian annual inflation rate decelerated the most since September 2006The Consumer Price Index (CPI) rose 0.9 per cent on a year-over-year basis in March, down from a 2.2 per cent gain in February and year over year, consumer price growth decelerated the most since September 2006, as global economic activity continued to slow due to the COVID-19 outbreak, said Statistics Canada on Wednesday. Excluding…
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