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%.
NCoV may bring risks to global economy’s frail recovery: IMF
13.02.2020Oil maintains momentum as virus concerns may lead to deeper output cuts
11.02.2020China’s inflation rate rises following Lunar New Year and virus outbreak
06.02.2020Bank of Canada says virus outbreak could worsen already shaky Canadian, global economy
