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Newsy Tribune
Home»News»Canada
Canada

Canada’s inflation in January likely saw little change. Here’s why

News RoomBy News RoomFebruary 16, 2025
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Summary of Canada’s Inflation Performances and Expectations

Key Takeaways

  • The Canadian government will release data on the consumer price index (CPI) for January 2025 on Tuesday.
  • The Canadian Investment Safety Fund (ISFA), which tracks inflation trends, mentioned that with the full month of the tax-break tooth removed, inflation for the first month could rise to 2.2%.
  • Experts expect Canada’s inflation to remain near 1.8%, and there is a cautious outlook asFactors Affecting Inflation, including strong consumer spending and the XOR effect, are humanizing economic growth.

Historical Context

  • Over the past year, Canada experienced a slowdown in inflation, driven primarily by the federal government’sstriction on sales tax in anticipation of the holiday period.
  • The government paused the sales tax on Christmas gifts and non- qlle, leading to a slight deceleration in food and alcohol prices.
  • As a result, inflationACYầu was estimated to rise to 2.2% compared to the previous year’s 1.9%.

Analysis

  • “While the efficient measure critics may stress the need for a rate cut if inflation overshadows economic growth, the Central Bank’s focus is on core inflationary data, excluding indirect taxes in the core (CPI).”
  • The risk of the trade war is still in play, with an expected US-Can intracooperative agreement to cut rates in January, raising questions about whether Canada would moderate or tighten its response.

Market Participants

  • The bank’s governing council is experiencing concern over the potential trade war and its impact on inflation. concernsering US administration chose a rate of 3% on Jan 29.
  • The market is in “ FROM comely” positions, with investors continues to debate whether Canada’s tightening policy will contribute to stabilization.

Daily Outlook

  • Canada’s CPI for December showed a slight deceleration, moving to 1.9% year-over-year, with food and alcohol spices the biggest impacts of the tax break.
  • Housing costs picked up slightly, while gas prices rose to 3.5%, a rise over the previous month.
  • shelter cost inflation slightly slowed, while housing started to gain momentum again.

More on Canada

  • Canada remains cashlining a strong recent momentum in its economy, asнибудь due to its strong spending and relatively low debt levels.
  • Shelters continue to take a bite out of inflation on average. Apartment rent is rising quickly, while shelter rates have seen modest gains.
  • For a deeper dive, readers can explore facts about the past month in the economists’ perspective.

More Videos

  • Canadian investors analyze the latest economic developments, including inflation trends and interest rate decisions.
  • The world_CLAMPed on talk about Canada’s../p
  • The current economic situation in Canada remains relatively stable, with a focus on speaking about the upcoming rate decision.

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The video highlights the ecosystem of interlinked economic factors, linking inflation with energy prices, consumer spending, and government policy decisions.
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