Canada's
annual pace of inflation in February sped up to 2.2 per cent — its fastest pace in more than three years — to creep above the central bank's ideal target of two per cent.
Not exact matches
If
inflation runs 3 % and Old Age Security payments keep
pace, a retiree might be looking at
annual payments
of roughly $ 11,000 in 2032 — but you're still $ 61,200 short
of your $ 72,200
annual income target.
In economic news, the Federal Reserve's preferred measure
of inflation posted its slowest
pace of annual increase since November 2015.
The rise in the
annual inflation measures reported by the Commerce Department on Monday was anticipated by economists and Fed officials and is not expected to alter the U.S. central bank's gradual
pace of interest rate increases.
The rise in the
annual inflation gauges reported by the Commerce Department was anticipated by economists and Fed officials and is not expected to alter the US central bank's gradual
pace of interest rate increases.
HIGHLIGHT
Annual inflation in the Eurozone unexpectedly slipped to just 1.2 % in April, as prices
of services increased at a slower
pace adding to doubts about the ECB's plan for a gradual withdrawal
of monetary stimulus.
Eurozone
inflation grew at an
annual pace of 1.2 % in April, Eurostat said, slightly lower from a reading
of 1.3 % in the previous month.
And it's not beyond the realm
of possibility that at some point in the decades ahead we could experience stints
of much higher
inflation, as we did in the 1970s when prices increased at an
annual pace of more than 7 %.
Most long - term care care insurance includes a 3 %
annual increase in the benefit amount to keep
pace with
inflation so they can cover the cost
of care in the future, not just today.
OTTAWA — Higher pump prices helped the
annual inflation rate stay in the upper half
of the central bank's target range last month — but even without pricier gas, underlying
inflation managed to reach its strongest
pace in six years, Statistics Canada said Friday.
Each month, the Federal Reserve calms national
inflation fears by pointing to the low rate
of core
inflation, currently at an
annual pace of just 2.1 %.
If
annual inflation was 3 %, an investor would want to receive at least $ 115,927 on an original investment
of $ 100,000 at the end
of 5 years, to keep
pace with
inflation.