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    by Published on April 23rd, 2014 02:55 PM
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    ABS CPI March quarter 2014 rises 0.6%

    The Consumer Price Index (CPI) rose 0.6% in the March quarter 2014, following a rise of 0.8% in the December quarter 2013.

    The most significant price rises this quarter were for tobacco (+6.7%), automotive fuel (+4.1%), secondary education (+6.0%), tertiary education (+4.3%), medical and hospital services (+1.9%) and pharmaceutical products (+6.1%). These rises were partially offset by falls in furniture (-4.3%), maintenance and repair ...
    by Published on April 23rd, 2014 02:47 PM

    Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in the West and South.

    Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February, and are 7.5 percent below the 4.96 million-unit pace in March 2013. Last month’s sales volume remained the slowest since July 2012, when it was 4.59 ...
    by Published on April 23rd, 2014 02:38 PM
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    Wholesale sales rose for a second consecutive month in February, up 1.1% to $50.7 billion. Sales in all subsectors increased, led by motor vehicle and parts. Excluding this subsector, wholesale sales rose 0.8%. In volume terms, wholesale sales were up 0.8%.


    Chart 1 - Wholesale sales increase in February

    Chart description: Wholesale sales increase in February
    CSV version of chart 1

    Higher sales in all subsectors

    The motor vehicle and parts subsector led the growth in wholesale sales in February, rising 3.0% to $8.4 billion following two consecutive monthly declines. The motor vehicle industry (+4.7%) accounted for most of the increase. Stronger exports, imports and manufacturing sales were also recorded for motor vehicles and parts in February.
    ...
    by Published on April 17th, 2014 09:16 PM
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    Chart 1 - The 12-month change in the Consumer Price Index

    Chart description: The 12-month change in the Consumer Price Index
    CSV version of chart 1

    Higher energy prices lead the faster rise in the Consumer Price Index

    The larger year-over-year rise in the CPI in March compared with February was led by energy prices, which rose 4.6% in the 12 months to March, following a 1.6% increase in February. Gasoline prices rose 1.4% on a year-over-year basis, after decreasing 1.3% in February. In addition, the natural gas index increased 17.9% in March, following a 5.5% rise in February. The rise in the natural gas index in March was mainly attributable to a price increase in Alberta. ...
    by Published on April 17th, 2014 09:13 PM

    The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.


    Inflation in Canada remains low. Core inflation is expected to stay well below 2 per cent this year due to the effects of economic slack and ...

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