Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

Forex MCX India

Link Exchange

 
ECM: Canadian March Consumer Prices Rose 0.2%, Annual Increase Slows To 1.6%
 
Canadian consumer prices rose 0.2% for March compared with consensus expectations of a 0.4% increase for the month and followed a 0.2% increase for February.

The headline year-on-year rate declined to 1.6% from 2.0% previously compared with expectations of a 1.8% rate while the core year-on-year rate declined to 1.3% from 1.7%.

Food prices rose 0.1% on the month with a 1.9% decline over the year.

Transport prices declined 0.6% on the month as gasoline prices dipped lower, but there was a 4.6% increase in prices over the year.

Shelter prices rose 2.2% over the year, although the monthly increase in prices was held to 0.1% which suggests some underlying slowdown in pressures.

Clothing and footwear prices rose a sharp 2.4% on the month, although this was related to seasonal factors and there was an annual decline of 0.9%.

Goods prices increased 0.8% over the year while services-sector prices rose 2.2% following a 0.3% monthly increase for March.

As far as core inflation is concerned, the CPI-Common remained at 1.3% while the CPI-Median edged lower to 1.7% from 1.8% with the CPI-Trim at 1.4% from 1.5%.

In its April Monetary Policy Report, the Bank of Canada expected that the inflation rate would gradually decline towards 1.7% over the next few months before returning to the 2.0% target rate over the subsequent few months.

Although there is some evidence of increased services-sector inflation, the data overall is slightly below central bank expectations and will not push the Bank of Canada towards any tightening of monetary policy.

The Canadian dollar weakened after the data with USD/CAD again testing the 1.3500 resistance area before retreating to 1.3485.

Source