Inflation at 0.4 % For April in Canada #StatsCanada
Inflation Remains Steady for October 2012 in Canada #in #yakezie #StatsCanada
Our friends at Stats Canada published on Friday the October inflation numbers and the CPI continues to remain at 1.2% year over year (same as for August and September). So prices are increasing by the same amount year over year, which is good for consumers, but is it good for our economy? I remember vaguely from my Econ courses at U of Waterloo that a higher inflation might be a little better for things, as it would signify a more robust economy, but I may not be remembering that correctly.
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CPI at 1.2% for September in Canada 2012
As usual our Friends at Stats Canada published a mixed bag of news with theirCPI Report for September 2012, however the CPI (inflation) is back down to low(er) levels at 1.2%, even with food prices and energy prices fluctuating a great deal over the past few months.
Consumer prices rose 1.2% in the 12 months to September, matching the increase in August. Higher energy prices, particularly for gasoline and electricity, led the advance in the Consumer Price Index (CPI) for September. This was tempered by lower year-over-year price increases for the purchase of passenger vehicles and for food purchased from stores.
CPI Rate Up a Little for June 2012 in Canada
Friday our friends a Stats Canada published the CPI numbers for June 2012, and rates are up a bit more than in May, but still not horrendous.
Surprisingly gasoline was not a direct contributor this time, but electricity did:
Consumer prices rose 1.5% in the 12 months to June, following a 1.2% gain in May. The increase in the Consumer Price Index (CPI) was led by higher prices for the purchase of passenger vehicles and, to a lesser extent, for electricity.
CPI Drops in May 2012 in Canada? WTH?!?
Friday Stats Canada put out some interesting numbers for their Consumer Price Index report for May (and the year ending in May). It was a big drop (well a drop in the rate of increase, so it’s kind of confusing), but it only rose 1.2% (year over year ending in May) and that is due to gas price increases subsiding:
Consumer prices rose 1.2% in the 12 months to May, following a 2.0% increase in April. This 0.8 percentage point difference was mostly attributable to declines for gasoline prices. Decreases in clothing prices as well as slower price gains for the purchase of passenger vehicles were also factors.
April's CPI Child is Still Inflating (in Canada)
Our friends at Stats Canada came out with the April CPI numbers on Friday(just before the long weekend), and while it isn’t much different from March’s numbers it still reflects an upward trend (only 0.1% to a year over year rate of 2.0%).
Surprisingly the good news is that Energy is actually slowing down (in fact Natural Gas prices are falling drastically), witness:
Consumer prices rose 2.0% in the 12 months to April, led by increases in transportation costs. This increase followed a 1.9% rise in March.
Energy prices increased 1.1% in the 12 months to April, following a 5.1% rise in March. The slower increase in April was largely attributable to smaller price gains for gasoline and electricity, as well as price declines for natural gas (-13.9%).