Canada Inflation Rate 1915-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Canada was recorded at 2.40 percent in October of 2014. Inflation Rate in Canada averaged 3.20 Percent from 1915 until 2014, reaching an all time high of 21.60 Percent in June of 1920 and a record low of -17.80 Percent in June of 1921. Inflation Rate in Canada is reported by the Statistics Canada.

      Forecast    
Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.00 21.60 -17.80 1915 - 2014 percent Monthly
2002=100
In Canada, the most important categories in the CPI basket are Shelter (27.5 percent of the total weight) and Transportation (19.3 percent). Food accounts for 16.1 percent; Household Operations, Furnishings and Equipment for 11.8 percent; Recreation, Education and Reading for 11.8 percent; Clothing and Footwear for 5.7 percent; Health and Personal Care for 5 percent; Alcoholic Beverages and Tobacco Products for the remaining 3 percent. The CPI basket is reviewed every four years on the basis of household surveys. The current weights are based on spending patterns in 2009. This page provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Canada Inflation Rate - was last refreshed on Wednesday, December 17, 2014.


Canada Inflation Rate Edges Up


Canadian annual inflation rate increased to 2.4 percent in October from 2 percent in September due to higher prices of shelter and food.

In October, shelter costs rose 2.8 percent led by a 20.1 percent gain in natural gas prices. Consumers also paid more for electricity, homeowners' home and mortgage insurance as well as rent. Property taxes rose 2.2 percent while mortgage interest cost declined 0.2 percent.

Food prices were up by 2.8 percent. Cost of food purchased from stores rose 3.1 percent, led by 12.4 percent increase in meat prices while food purchased from restaurants increased by 2.2 percent.

The transportation index increased 1.1 percent, after rising 0.5 percent in September. Despite recording four consecutive monthly decreases, gasoline prices went up 0.6 percent after falling 0.5 percent in September. Consumers also paid more for air transportation and for the purchase of passenger vehicles.

Prices for clothing and footwear advanced 3.1 percent, after rising 2.0 percent the previous month. Fewer discounts were observed this October compared with the same month a year earlier.

Annual core consumer prices increased 2.3 percent in October, after rising 2.1 percent in September.

Statistics Canada | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/24/2014 12:29:13 PM


Recent Releases

Canada Inflation Rate Back to Central Bank’s Target
Canadian annual inflation rate slowed to 2 percent in September from 2.1 percent in August. Higher prices for shelter and food contributed the most to the rise in the CPI, while the transportation index posted the smallest increase. Published on 2014-10-17

Canada Inflation Rate Stable at 2.1% in August
Canadian consumer prices rose 2.1 percent in the 12 months to August, matching the increase in July. The biggest contributor to the rise was cost of shelter; prices of household operations, furnishings and equipment, food, and transportation also increased. Published on 2014-09-19


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-19 01:30 PM
Inflation Rate YoY  Aug
2.1% 2.1% 2.1% 2%
2014-10-17 01:30 PM
Inflation Rate YoY  Sep
2.0% 2.1% 2.0% 2.1%
2014-11-21 01:30 PM
Inflation Rate YoY  Oct
2.4% 2.0% 2.1% 1.98%
2014-12-19 01:30 PM
Inflation Rate YoY  Nov
2.4% 2.2% 2.31%
2015-01-23 01:30 PM
Inflation Rate YoY  Dec
2.21%
2015-02-26 01:30 PM
Inflation Rate YoY  Jan
2.25%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.00 21.60 -17.80 percent [+]
Inflation Rate Mom 0.10 0.10 2.63 -1.31 percent [+]
Consumer Price Index CPI 125.90 125.80 125.90 12.10 Index Points [+]
Core Inflation Rate 2.30 2.10 5.40 0.00 percent [+]
Core Consumer Prices 124.10 123.80 124.10 61.70 Index Points [+]
GDP Deflator 113.50 113.00 113.50 13.00 Index Points [+]
Producer Prices 110.80 111.40 112.50 15.60 Index Points [+]
Producer Prices Change 2.50 2.60 8.70 -0.80 percent [+]
Export Prices 114.70 114.10 119.20 70.20 Index Points [+]
Import Prices 119.00 118.30 119.00 82.20 Index Points [+]
Food Inflation 2.80 2.70 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.56 Nov/14 6.59 6821.31 1.65 percent [+]
Canada 2.40 Oct/14 2.00 21.60 -17.80 percent [+]
China 1.40 Nov/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.30 Nov/14 0.40 5.00 -0.70 percent [+]
France 0.30 Nov/14 0.50 18.80 -0.70 percent [+]
Germany 0.57 Nov/14 0.80 11.54 -7.62 percent [+]
India 4.38 Nov/14 5.52 11.16 4.38 percent [+]
Indonesia 6.23 Nov/14 4.83 82.40 -1.17 percent [+]
Italy 0.19 Nov/14 0.10 25.64 -2.44 percent [+]
Japan 2.90 Oct/14 3.20 25.00 -2.52 percent [+]
Mexico 4.17 Nov/14 4.30 179.73 2.91 percent [+]
Netherlands 1.00 Nov/14 1.10 11.19 -1.30 percent [+]
Russia 9.10 Nov/14 8.30 2333.30 3.60 percent [+]
South Korea 1.00 Nov/14 1.20 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland -0.10 Nov/14 0.00 11.92 -1.37 percent [+]
Turkey 9.15 Nov/14 8.96 138.71 -4.01 percent [+]
United Kingdom 1.00 Nov/14 1.30 8.50 0.50 percent [+]
United States 1.30 Nov/14 1.70 23.70 -15.80 percent [+]