Steve Flynn  RE/MAX Crest Realty- Burnaby 

Cell: 604.785.3977 |

Categories

Canadian Inflation - November 17, 2017

Canadian inflation, as measured by the Consumer Price Index (CPI), slowed to 1.4 per cent in the 12 months to October, down from 1.6 per in September. The Bank of Canada's three measures of trend inflation were largely unchanged, averaging 1.6 per cent.   In BC, provincial consumer price inflation was 2.0 per cent in the 12 months to October.

Inflation in Canada continues to trend below the Bank of Canada's 2 per cent target in spite of a very strong economy and a narrowing of the output gap. Until that trend changes, we expect the Bank will hold its policy rate at 1 per cent.



 

Copyright British Columbia Real Estate Association. Reprinted with permission.

 

 


Comments:
No comments

Post Your Comment:

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.