Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: 2MAR$ who wrote (4952)	6/15/2001 7:17:37 AM
From: Gofer	Read Replies (2) of 74559

Canada doesn't massage its inflation statistics to exclude inflation (the way the Yanks do) (g) Annual inflation rate up 3.9 per cent in May By TERRY WEBER 07:04 GMT-04:00 Friday, June 15, 2001 Canada's annual rate of inflation rose 3.9 per cent in May, driven higher again by energy prices and marking the largest increase in nearly a decade, Statistics Canada said Friday. Core inflation, which excludes the volatile food and energy sectors, rose 2 per cent. Both numbers come in higher than economists had expected. Forecasts had called for the consumer price index — a broad measure of inflation — for 3.3 per cent over all. The core rate was expected to rise by 2 per cent for the month. More to come. Copyright © 2001 The Globe and Mail

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