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What did you learn about the topic that most surprised you

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This is nice little info-graphic that talks about some of the ways that inflation rates are affected. It also mentions how its hard to remove inflation from an establish economy which is interesting....

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Every image of inflation out there has a graph with an upward trend. This would imply that there is no end to the price increases. Which is kinda crazy when you think about it.

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This is a clear example of inflation. Many years ago you could get a massive fast food burger for the same price as a tiny burger now

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Canada's Inflation Rate Slows To 1.3% On Weak Gas Price Growth

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Canada's Inflation Rate Slows To 1.3% On Weak Gas Price Growth

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During a slow month for gas price growth, there was very little movement in regards to the inflation rate. Other than the fact there was a decline in electricity, bakery products, and internet access prices the gas prices low movement was the definitive point that was keeping the inflation rate from going anywhere. This was at a time where the inflation rates were on a decline and for the time this wasn't excellent news for the economy. Again, analysts predicted 2% inflation this year and in-fact they were a lot lower than expected.

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OTTAWA - Canadian inflation eased up on the accelerator last month as weaker year-over-year growth in gasoline prices helped slow the annualized rate to 1.3 per cent.

Statistics Canada says the May inflation rate was also lower than April's reading of 1.6 per cent because prices declined in categories such as electricity, bakery products and Internet access services.

The agency says year-over-year gasoline prices rose 6.8 per cent in May after climbing 15.9 per cent in April.

But despite its slower price growth, the report says gasoline still remained one of the biggest upward contributors to inflation last month, along with other costs associated with shelter and transportation.

The data was released as the economy strengthens and the central bank prepares to make a scheduled rate announcement on July 12.

Last month's smaller inflation number could weigh on the Bank of Canada's decision, as the rate moved further away from its ideal target of two per cent.

The latest consumer price index also shows lower readings for two of the Bank of Canada's three preferred measures of core inflation, which the central bank will scrutinize ahead of next month's interest-rate decision.

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Canada's Inflation Rate Slows To 1.3% On Weak Gas Price Growth

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OTTAWA - Canadian inflation eased up on the accelerator last month as weaker year-over-year growth in gasoline prices helped slow the annualized rate to 1.3 per cent. Statistics Canada says the May inflation rate was also lower than April's reading of 1.6 per cent because prices declined in categories such as electricity, bakery products and Internet access services.

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Canadian Inflation Holds Steady But Core Rate Drifts Down

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Canadian Inflation Holds Steady But Core Rate Drifts Down

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Canada's inflation rates have held steady over the course of 2017. With all the changes within the U.S and the NAFTA you would assume they would increase because of more expensive products. The economy analyst in the video alleged he believes the Canadian economy has a lot of wiggle room when it comes to changing inflation rates. Economists predicted rates be around 2% in 2017 which they were marginally below.

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Canadian inflation pressures remained subdued in April, even with a sharp increase in gasoline prices. Measures of annual core inflation fell, underlining Bank of Canada Governor Stephen Poloz's concern that excess slack remains in the economy.

The average of the central bank's three core inflation measures -- which exclude volatile items like energy and are considered a better indicator of trends in prices -- declined to 1.4 percent, Statistics Canada said Friday from Ottawa, down from a March average of 1.5 percent.

Key Points

The consumer price index rose 1.6 percent in April from a year ago, unchanged from the previous month. Economists surveyed by Bloomberg had forecast the index would rise 1.7 percent on the back of higher gasoline prices.

Prices rose 0.4 percent on a monthly basis, lagging the 0.5 percent median economist forecast.

The Bank of Canada's "common" core rate was 1.3 percent in April, the "median" core rate was 1.6 percent and the "trim" measure was 1.3 percent.

Big Picture

Central bank policy makers have been citing weakening core inflation figures, along with slow wage growth, as evidence that slack remains in the nation's economy. Lack of inflation pressures is one of the main reasons why the Bank of Canada, which has a mandate to target a 2 percent inflation rate, isn't expected to match interest rate increases this year by the Federal Reserve.

Analyst Reaction

David Madani, senior Canada economist at Capital Economics: "All things considered, spare capacity in the economy and muted wage cost pressures will keep core inflation below the 2 percent inflation target over the remainder of this year. On that basis, we would certainly expect the Bank of Canada to remain focused on the greater downside risks to the inflation outlook."

Doug Porter, chief economist at Bank of Montreal: "Despite the many growing arguments for the Bank to turn more hawkish -- solid GDP growth, a falling jobless rate, a hot Ontario housing market -- subdued core inflation is their ace in the hole, arguing for a stand-pat stance."

Other Details

On a seasonally adjusted basis, consumer prices rose 0.5 percent in the month of April. Excluding food and energy, seasonally adjusted prices were up 0.1 percent.

Gasoline prices rose 9.5 percent in April, with Statistics Canada citing supply disruptions at oil refineries. Year-over-year, gasoline prices posted a 15.9 percent increase.

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Canadian Inflation Holds Steady But Core Rate Drifts Down

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Canadian inflation pressures remained subdued in April, even with a sharp increase in gasoline prices. Measures of annual core inflation fell, underlining Bank of Canada Governor Stephen Poloz's concern that excess slack remains in the economy.

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Inflation rate rises, food prices go down. 

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Inflation rate rises, food prices go down. 

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The food prices in Canada went down in the produce section not long ago. This was because of a loss of fresh products from the U.S. It lead to the grocery stores to pay a for the local Canadian produce because of the cheaper product. The changes in that regard increased inflation by a couple percentage points. This made some other forms of grocery shopping more expensive for consumers. What goes around comes around.

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OTTAWA - The country's annual inflation rate rang in below expectations last month at 1.2 per cent, largely under the weight of lower food costs, Statistics Canada said Thursday.

The national inflation reading for November was weaker than October's rate of 1.5 per cent, the federal agency's latest consumer price index found. A consensus of economists had predicted 1.4 per cent inflation for November, according to Thomson Reuters.

Statistics Canada also released unexpectedly strong retail trade figures Thursday that showed October sales were up 1.1 per cent compared to September - a third straight monthly gain.

Taken together, the fresh numbers for retail sales and inflation should be seen as a positive, said CIBC chief economist Avery Shenfeld.
READ MORE: Who will be hit hardest if Canada's food prices go up in 2017?

"This was a bit of a Christmas present for the Canadian economy in the sense that we had some heat in retail activity, but the tame readings on inflation will allow the Bank of Canada to stay with very low interest rates that's helping spur some of the consumption spending," Shenfeld said in an interview.

The Statistics Canada report said lower prices for fresh produce, meat and travel tours compared to a year earlier helped pull down the overall inflation rate. The cost of lettuce fell 18.7 per cent, tomatoes dropped 11 per cent and travel tours declined 4.2 per cent.

The federal agency said higher costs for items like automobiles, homeowners' insurance and electricity helped contribute to the upward forces behind the overall rate. Home and mortgage insurance was up 4.4 per cent compared to the year before, while the cost of purchasing and leasing vehicles rose three per cent and electricity bills climbed 3.5 per cent.

On retail trade, Statistics Canada said total sales eclipsed the $45-billion mark in October.

Statistics Canada said the biggest boosts came from higher sales at gasoline pumps, where they rose 3.8 per cent, and at general merchandise stores, which saw an increase of 1.9 per cent.

Revised figures showed that month-over-month retail sales rose 0.8 per cent in September and 0.2 per cent in August. Those increases followed a decline of 0.1 per cent in July.

Shenfeld said he thought there could be an "upside surprise" in Thursday's retail trade figures, but the results was "even brighter" than he had expected.

He said the strength in the retail numbers is likely connected to the federal government's enhanced child-benefit program, which started distributing cheques in July.

National Bank senior economist Krishen Rangasamy wrote in a research note to clients that he was particularly encouraged by data that showed a continued rise in discretionary spending. This means, he added, purchases other than groceries, gasoline and personal-care items.
READ MORE: Bank of Canada, Ottawa renew 2% inflation target agreement
For the first time, Statistics Canada released also three new measures of core inflation that the Bank of Canada will use to examine the underlying rate.

The change, announced in October, was made in an effort to manage the risks associated with the shortcomings of having just one indicator.

The three new indicators - known as CPI-common, CPI-median and CPI-trim - all showed weaker year-over-year inflation for November than their readings for October. CPI-common had a reading last month of 1.3 per cent, CPI-median had 1.9 per cent and CPI-trim had 1.6 per cent.

The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):

- St. John's, N.L.: 3.8 per cent (4.1)

- Charlottetown-Summerside: 1.6 (1.9)

- Halifax: 1.3 (1.3)

- Saint John, N.B.: 2.5 (2.8)

- Quebec: 0.6 (0.6)

- Montreal: 0.6 (0.6)

- Ottawa: 1.2 (1.6)

- Toronto: 2.0 (2.3)

- Thunder Bay, Ont.: 1.3 (1.9)

- Winnipeg: 0.2 (1.1)

- Regina: 0.0 (0.8)

- Saskatoon: 0.2 (0.8)

- Edmonton: 0.2 (0.7)

- Calgary: 0.1 (0.4)

- Vancouver: 1.5 (2.5)

- Victoria: 1.6 (1.9)

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Canada's inflation rate slips to 1.2% in November, due to lower food prices

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OTTAWA - The country's annual inflation rate rang in below expectations last month at 1.2 per cent, largely under the weight of lower food costs, Statistics Canada said Thursday. The national inflation reading for November was weaker than October's rate of 1.5 per cent, the federal agency's latest consumer price index found.