Annual price inflation in Canada amounted to 2.4% in May, accelerating against the April value of 2%, official statistics showed. According to economists, the figure was expected at 2.1%. The main contribution to the acceleration of inflation was made by the increased prices of food and durable goods. Over the month, consumer prices rose 0.4%, repeating the April pace. The forecast of economists suggested an increase of 0.1%. In annual terms, growth showed all 8 major categories. Food prices rose by 3.5%. The cost of transport services jumped by 3.1%. At the same time, core inflation in the country reached a maximum level since February 2012, amounting to 2.07%. According to estimates of the Canadian Central Bank, inflation this year will be at the level of 1.9%.
Australia’s first-quarter inflation worsens, prices may suffer in second quarter
28.04.2020Nissan to cut output in May, sees record operating loss
27.04.2020U.S economy faces record-breaking decline, unemployment may surge to 16%
17.04.2020India disagrees to IMF liquidity boost as it may affect financial stability
