Canada’s Inflation Rate remains Subdued in February
Abstract:
The year-over-year increase in the all-items Consumer Price Index in Canada dropped for the third straight month in February 2008 to only +1.8%. Furthermore, the “core” inflation rate was also quite restrained in the latest month, at only +1.5%. Therefore, both key measures of inflation were below the mid-point of the Bank of Canada’s target range that runs from +1.0% to +3.0%. Canada’s price-change performance is less than one-half of the overall inflation rate in the United States.
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The year-over-year increase in the all-items Consumer Price Index in Canada dropped for the third straight month in February 2008 to only +1.8%. Furthermore, the “core” inflation rate was also quite restrained in the latest month, at only +1.5%. Therefore, both key measures of inflation were below the mid-point of the Bank of Canada’s target range that runs from +1.0% to +3.0%. Canada’s price-change performance is less than one-half of the overall inflation rate in the United States.