Inflation cools to 2.2% in October as gas, grocery prices fallKeeping the overall inflation rate sticky in October was a rare increase in cellular service costs. Inflation jumps to 2.4% in September thanks to gas, grocery costsStatCan noted that annual price hikes at the grocery store have largely trended higher since a recent low in April 2024. Inflation ticks higher to 1.9% in August, short of economists’ expectations Rising rents and mortgage interest costs remain the biggest factors pushing the annual inflation rate higher. Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan Beyond the gas pumps, there are signs of prices accelerating at the grocery store and in housing. 1.4M consumers missed a credit payment in second quarter: Equifax report High unemployment, economic uncertainty and trade disruption making it harder to some to keep up payments. Statistics Canada reports household debt-to-income ratio ticked higher in Q1 Canadians take on more debt as worries grow over the economy. Inflation slows sharply to 1.7% in April as consumer carbon price ends Canadians were primarily finding relief at the gas pumps in April. Inflation cooled to 2.3% in March as gas prices fell, StatCan says Inflation drop comes amidst growing tariff tensions. Economists expect annual inflation rate to come in at 2.6% for March Tariffs are only expected to show up modestly for March as Canada has not gone ahead with the bulk of its threatened retaliatory tariffs. Economists more confident in Bank of Canada rate hold as inflation ticks up to 1.9% Statistics Canada said without the federal tax break, overall inflation would have risen to 2.7%, up from 2.3% in December. 1 2 3 4 5 Next Last
