BCREA

Consumer prices in BC rose 1.2 per cent in last 12 month period.  CPI continues to trend near the Bank of Canada's 2 per cent target, but should moderate substantially in coming months due to the collapsing energy prices. Although core inflation is slightly above the Bank of Canada's target, we do not expect the bank to alter its course unless inflation moves outside of its 1-3 per cent control range. Says BC Real Estate Assoc. Chief Economist