Inflation in March

April 27, 2010

Photo by Gary Martin

Surprising news!!! Canada’s annual inflation rate rose by 1.4 percent in March, following a 1.6 percent rise in February, Statistics Canada announced. Over the month, the rate has not really changed, though.

In March 2010, six out of eight main categories analyzed by Statistics Canada rose, if compared to March 2009. However, clothing and footwear prices dropped by 2.2 percent, and natural gas decreased quite significantly, by 22 percent. The index of shelter costs was also down in March, by 0.7 percent. Increases were shown in transportation prices, which grew by 6 percent (there was a 17 percent increase for gasoline) and also automobile insurance premiums, which rose by 5.5 percent. Less significant was the rise of food prices at 1.3 percent.

Decline was reported in the consumer price index – it slowed down from 2.1 percent to 1.7 percent. The core consumer prices from February to March decreased by 0.2 percent. Not a significant decline, but it still is a decrease. What do you think? Unexpected, isn’t it?

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1. February Inflation
2. Inflation in Canada
3. Inflation Slowed Down
4. Record Low Core Inflation
5. Inflation Rate Rose in July

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