Insights and Stories on Inflation

Nov. 26, 2024 at 10:42 am CST

The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the central bank would incorporate those into its economic forecasts.

By David Ljunggren, Promit Mukherjee, Reuters

Nov. 19, 2024 at 10:24 am CST

Indian Prime Minister Narendra Modi has taken several pro-farmer but inflation-stoking measures in recent months, such as easing curbs on rice and onion exports, but that may not prove enough for him to sway an election on Wednesday in a key state.

By rajendra-jadhav, Reuters

Nov. 19, 2024 at 10:12 am CST

Canada's annual inflation rate accelerated more than expected to 2.0 per cent in October as gas prices fell less than the previous month, data showed on Tuesday, shrinking market bets for a bigger rate cut next month.

By Ismail Shakil, Reuters

Oct. 23, 2024 at 9:12 am CDT

The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.

By David Ljunggren, Promit Mukherjee, Reuters

Oct. 15, 2024 at 10:23 am CDT

Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.

By Ismail Shakil, Promit Mukherjee, Reuters