The Canadian Press: Wed Nov 18,
OTTAWA - Canada no longer has a negative inflation rate, Statistics Canada said Wednesday. The annual inflation rate jumped a full point to edge above the zero line at 0.1 per cent in October, reversing an unusual situation that had existed since May in Canada where overall prices were lower than they had been a year earlier. And it's unlikely the inflation rate will fall below zero again for some time. For months, analysts said Canada's negative inflation situation was not worrisome because it was based solely on one phenomenon which was primed to be reversed - record gasoline prices last summer. The correction began in October, as the gap between this year's gasoline prices and the previous year closed from 23 per cent to 13.1 per cent. Statistics Canada noted that excluding energy prices, Canada's annual inflation rate would be 1.4 per cent.
Bank Of Canada Inflation Tables:
| October 2009 | Total CPI 114.6 | Core CPI 114.2 | Total CPI Change 0.1 | Core CPI Change 1.8 |
| September 2009 | 114.7 | 114.1 | -0.9 | 1.5 |
| November 2008 | 114.1 | 113.0 | 2.0 | 2.4 |
Don Quixote Note: Council Salaries are adjusted each Jan 1 for the CPI as measured in November. Last years CPI in Nov. 2008 made for a 2% adjustment upwards. This last change from a .9% decrease to a modest .1% increase probably ensures that the Politicians and any other employees that have a CPI clause in their contracts of employment will not have to give back any salary in the upcoming 2010 year.
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