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Ward 1 News: March 2017 Inflation Review

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March 2017 - Corporate Economics
Inflation Review
• Inflation in Calgary was 1.06 per cent in March (12-month moving average). The increase was higher than expected due to retail gasoline prices increase. Also, it appears that the recent carbon levy is being passed on to consumers in the form of price increases in other goods and services like personal care and recreation activities. Further, prices for food items had been dropping recently in Calgary but that downward trend appears to have all but stopped now.  
• Headline inflation in Alberta in March was 1.3 per cent (12 month moving average) down from 2.2 per cent last month and only slightly lower than last year’s 1.5 per cent.
• Canada-wide March inflation (12-month moving average) came in at 1.6 per cent with food price declines across the country offsetting rising housing prices in Ontario

For the full report, read here


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This content represents the personal views and opinions of the Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.

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