Canada Inflation Rate

The inflation rate in Canada was recorded at 0.40 percent in April of 2013. Inflation Rate in Canada is reported by the Statistics Canada. Historically, from 1915 until 2013, Canada Inflation Rate averaged 3.23 Percent 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. 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 includes a chart with historical data for Canada Inflation Rate.

 TO REFRESH |  COMPARE
Canada Inflation Rate
    EMAIL
 
Canada Inflation Rate Down To 0.4% In April
Statistics Canada | Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  5/17/2013 1:38:34 PM


The Consumer Price Index (CPI) rose 0.4% in the 12 months to April, following a 1.0% increase in March. Declining gasoline prices were largely responsible for the 0.6 percentage point difference in the 12-month change in the CPI. Price decreases for the purchase of passenger vehicles were also a factor.

Gasoline prices decreased 6.0% on a year-over-year basis in April, after falling 0.3% in March. The decrease in April was the largest year-over-year decline in gasoline prices since October 2009.

Excluding gasoline, the CPI rose 0.8% in the 12 months to April, following a 1.1% increase in March.

Shelter costs increased 1.3% in the 12 months to April, following a 1.1% rise in March. Electricity prices and rent advanced year over year, while mortgage interest cost decreased 4.3%.

Food prices increased 1.5% on a year-over-year basis in April, after increasing 1.8% in March. Consumers paid more for food purchased from stores, as prices for meat rose 3.2%. In contrast, prices for sugar and confectionery declined 2.8%.

Consumers paid 1.2% more for food purchased from restaurants in the 12 months to April, following a 2.2% increase in March. The smaller increase in April compared with March was largely attributable to price declines in British Columbia.

Transportation costs declined 2.1% in the 12 months to April, after posting no change the previous month. In addition to price decreases for gasoline, prices for the purchase of passenger vehicles declined 0.7% year over year in April, after rising 0.8% in March.

ARCHIVE
Canada Inflation Rate Down To 1.0% In March The Consumer Price Index (CPI) rose 1.0% in the 12 months to March, following a 1.2% increase in February. 2013-04-19
Canada's Inflation Stable at 1.2 percent in October Consumer prices rose 1.2 percent in the 12 months to October, matching the increases in August and September. Energy prices rose at a slower year-over-year rate in October compared with September, while air transportation, food purchased from stores and property taxes posted larger price gains. 2012-11-23
Canada Inflation Rate Up To 1.2% In February The Consumer Price Index (CPI) rose 1.2% in the 12 months to February, following a 0.5% advance in January. 2013-03-27
Canada's Inflation Stable at 1.2 percent in September Consumer prices rose 1.2 percent in the 12 months to September, matching the increase in August. Higher energy prices, particularly for gasoline and electricity, led the advance in the Consumer Price Index (CPI) for September. 2012-10-19
Canada Inflation Rate Down to 0.5% in January The Consumer Price Index (CPI) rose 0.5% in the 12 months to January, following a 0.8% gain in December. 2013-02-22
Canada's Inflation Down to 1.2% in August Canada consumer prices rose 1.2% in the 12 months to August, following a 1.3% gain in July. Higher prices for the purchase of passenger vehicles, gasoline, meat and food purchased from restaurants were major factors in the year-over-year increase of the August Consumer Price Index (CPI). 2012-09-21
Canada Inflation Rate Unchanged at 0.8% The Consumer Price Index (CPI) rose 0.8% in the 12 months to December, matching the increase in November. On a seasonally adjusted monthly basis, the CPI decreased 0.1% in December after declining 0.2% in November. 2013-01-25
Canada's Inflation Down to 1.3% in July Canada Consumer prices rose 1.3% in the 12 months to July, following a 1.5% gain in June. Higher prices for the purchase of passenger vehicles, food purchased from restaurants, meat and electricity were major factors in the increase of the July Consumer Price Index (CPI). 2012-08-17
Canada's Inflation Rate Down to 0.8 Percent in November Consumer prices rose 0.8 percent in the 12 months to November, following a 1.2 percent gain in October. The November increase was the smallest year-over-year gain in the Consumer Price Index (CPI) since October 2009. On a seasonally adjusted monthly basis, the CPI decreased 0.2 percent in November after increasing 0.2 percent in October. 2012-12-21



Inflation Rate | Notes

The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.






Buy Ads Directly on TRADING ECONOMICS