Over a month, consumer prices in Canada fell by 0.3 percent in August of 2022, compared to the 0.1 percent rise in the prior period. It was the first monthly decrease in prices since January and the steepest since April 2020. source: Statistics Canada
Inflation Rate MoM in Canada averaged 0.29 percent from 1950 until 2022, reaching an all time high of 2.60 percent in January of 1991 and a record low of -1.30 percent in June of 1959. This page provides - Canada Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.
Inflation Rate MoM in Canada is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Inflation Rate MoM is projected to trend around 0.20 percent in 2023 and 0.30 percent in 2024, according to our econometric models.