According to the report of the Canadian office for statistics, the last month consumer price inflation in the country was advancing amid expectations of car and clothes prices increase, which, in its turn, strengthened the expectations а that the interest rate can be appreciated earlier than in the USA.
The annual CPI index grew by 2% in April, following the increase of 1.9% in the last month. The core inflation excluding 8 volatile components, amounted to 2.1% after 1.9% in March. The economists surveyed by Bloomberg, assumed that both indices would remain unchanged at 1.9%.
In addition, the Bank of Canada declared last month, that the consumer prices will increase by aggregated 2% during the current quarter and by 2.2% in the second half of the year.
The bank’s monetary policy is to attain the inflation of 2% and keep the key interest rate at 1%, which is so since September of 2011.
At the same time the economy of Canada was supported by the labour market data, according to which in March and April the employment rate was growing at the fastest pace for 30 years.
On a monthly basis both indices of the overall and core inflation added 0.4% in April with the experts predicting upmove by 0.3% and by 0.2% correspondingly.
