Canadian Consumer Price Inflation – October 17 ,2014

Canadian Consumer Price Inflation – October 17 ,2014

Canadian consumer prices rose 2 per cent in the 12 months to September, a modest 0.1 point decline from August. The Bank of Canada’s core measure of inflation, which excludes volatile prices such as energy and food products, registered 2.1 per cent. Consumer prices in BC rose 1.2 per cent.

CPI inflation continues to trend near the Bank of Canada’s 2 per cent target, but should moderate substantially in coming months due to collapsing energy prices. Although core inflation is slightly above the Bank of Canada’s target, we do not expect the Bank to alter its course unless inflation moves outside of its 1-3 per per cent control range.

For more information, please contact: 

Cameron MuirBrendon Ogmundson
Chief EconomistEconomist
Direct: 604.742.2780Direct: 604.742.2796
Mobile: 778.229.1884Mobile: 604.505.6793
Email: cmuir@bcrea.bc.caEmail: bogmundson@bcrea.bc.ca

The British Columbia Real Estate Association (BCREA) is the professional association for more than 18,500 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.

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

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