Graphic Intelligence

|
|

Graph of the Week: Core Inflation Components Fall Below 3% – A Sign of Broad Softening

Graph of the Week is a new series from the C.D. Howe Institute’s Graphic Intelligence that presents valuable and easily digestible data. Each Monday we unveil one new captivating chart or graph with interesting insights, explaining it in two-to-three sentences. Dive into the data with us.

Headline inflation came in right at the 2 percent target last week, with the Bank of Canada’s preferred core inflation measures – CPI-Trim and CPI-Median – falling to 2.4 and 2.3 percent, respectively. The share of the components that make up these core measures facing inflation above 3 percent, after peaking at 80 percent during the recent surge in inflation, is now at 22 percent, slightly below its average during the 2010s. A sign of the breadth of the softening inflation.

Share

Related Graphics

Membership Application

Interested in becoming a Member of the C.D. Howe Institute? Please fill out the application form below and our team will be in touch with next steps. Note that Membership is subject to approval.

"*" indicates required fields

Please include a brief description, including why you’d like to become a Member.

Member Login

Not a Member yet? Visit our Membership page to learn more and apply.