Canadian Consumer Price Inflation

The Consumer Price Index (CPI) rose 1.3 per cent in the 12-months to August, matching the increase from July. Inflation continues to be pinned down by lower energy prices with gasoline prices falling 12.6 per cent year-over-year. Inflation measured by the Bank of Canada's core CPI index, which excludes fuel, food and other volatile components, registered 2.1 per cent. This is the 13th consecutive month that core inflation has been above the Bank's 2 per cent inflation target. Inflation in BC was up 1.2 per cent in the 12-months to August and is tracking at just 0.8 per cent for all of 2015. 

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