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Canadian Inflation

1/26/2018

 
BCREA ECONOMICS NOW
Canadian Inflation - January 26, 2018
Canadian inflation, as measured by the Consumer Price Index (CPI), slowed slightly in December to 1.9 per cent year-over-year, down from 2.1 per in November. Excluding the price of gasoline, inflation was just 1.5 per cent. The Bank of Canada's three measures of trend inflation continue to trend close to 2 per cent.   In BC, provincial consumer price inflation was 2.0 per cent in the 12 months to December.
 
While it did cool in December, inflation in Canada is now pushing up against the Bank of Canada's 2 per cent target after remaining fairly muted for much of the last year. Today's release shows a general firming of inflation around 2 per cent which, if sustained, will mean further rate increases from the Bank this year. ​

​To view the full BCREA Housing Forecast, click here.
For more information, please contact:  
Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: [email protected]
BCREA is the professional association for more than 20,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.
To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
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