Ottawa — Inflation in Canada touched a 15-year low in April, and signs of falling prices poked through in several areas of the monthly consumer price report, but analysts say there is no danger of deflation grabbing hold of the Canadian psyche.
Consumer prices rose just 0.4 per cent in the 12 months leading up to April – the slowest pace of inflation since 1994. Excluding food, which rose 7.1 per cent on the year, the consumer price index fell 1.1 per cent.
Four provinces are now registering deflation: Alberta, where prices dropped 0.7 per cent from a year ago, as well as New Brunswick, Nova Scotia, and Prince Edward Island.
Falling prices were even more evident in the month-over-month measures of inflation. Consumer prices declined 0.1 per cent between March and April, not adjusted for seasonal factors.
Consumer prices rose just 0.4 per cent in the 12 months leading up to April – the slowest pace of inflation since 1994. Excluding food, which rose 7.1 per cent on the year, the consumer price index fell 1.1 per cent.
Four provinces are now registering deflation: Alberta, where prices dropped 0.7 per cent from a year ago, as well as New Brunswick, Nova Scotia, and Prince Edward Island.
Falling prices were even more evident in the month-over-month measures of inflation. Consumer prices declined 0.1 per cent between March and April, not adjusted for seasonal factors.
Pakistan Rupee Exchange Rate
No comments:
Post a Comment