Subscribe with RSS ReaderCanadian inflation, as measured by the Consumer Price Index (CPI), registered 1.9 per cent in the twelve months to March, a 0.4 point rise over February. Excluding falling gasoline prices, CPI inflation measured 2.2 per cent. The Bank of Canada's three measures of trend inflation were also higher in March averaging just under 2 per cent. In BC, provincial consumer price inflation was 2.6 per cent in the 12 months to March.
An uptick in inflation somewhat complicates the Bank of Canada's decision on interest rates next week, though incoming economic data remains mixed and we believe the Bank will remain sidelined.
Copyright British Columbia Real Estate Association. Reprinted with permission.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
Comments:
Post Your Comment: