Canada Inflation Rate  1915-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Canada rose 1.5 percent year-on-year in June of 2016, the same as in the previous month and above market expectations of a 1.4 percent increase. Biggest upward contributions came from prices of shelter, household operations, furnishings and equipment. Inflation Rate in Canada averaged 3.17 percent from 1915 until 2016, 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.

Canada Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 21.60 -17.80 1915 - 2016 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. Canada Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-20 12:30 PM Apr 1.7% 1.3% 1.7% 1.5%
2016-06-17 12:30 PM May 1.5% 1.7% 1.6% 1.8%
2016-07-22 12:30 PM Jun 1.5% 1.5% 1.4% 1.5%
2016-08-19 12:30 PM Jul 1.5% 1.4%
2016-09-23 12:30 PM Aug 1.5%
2016-10-21 12:30 PM Sep 1.6%

Canada Inflation Rate Steady at 1.5% in June


Consumer prices in Canada rose 1.5 percent year-on-year in June of 2016, the same as in the previous month and above market expectations of a 1.4 percent increase. Biggest upward contributions came from prices of shelter, household operations, furnishings and equipment.

The shelter index rose 1.6 percent after increasing 1.4 percent in May. This acceleration was partly attributable to homeowners' replacement cost, which was up more year over year in June (+3.5 percent) than in May (+2.7 percent). Additionally, fuel oil prices were down less on a year-over-year basis in June (-13.2 percent) compared with May (-17.3 percent). The natural gas index posted a larger decline in the 12 months to June than in the previous month.

Food prices were up 1.3 percent, following a 1.8 percent gain in May. Prices for food purchased from stores rose 0.8 percent, as the fresh or frozen beef index (-3.3 percent) registered its first year-over-year decrease since August 2010. Consumers paid 2.1 percent less for dairy products in June compared with the same month a year earlier. Prices for food purchased from restaurants advanced 2.6 percent, matching the rise in May.

The transportation index posted a 1.1 percent year-over-year gain in June, the same increase as in May. The purchase of passenger vehicles index rose 5.6 percent, following a 4.3 percent advance the previous month. This acceleration was partly offset by a larger year-over-year decrease in gasoline prices, down 8.5 percent in June, following a 7.1 percent decline the previous month. The passenger vehicle insurance premiums index was up less year over year in June (+0.2 percent) than in May (+1.2 percent); the deceleration was led by Ontario, where regulatory changes to coverage took effect on June 1, 2016.

On a monthly basis, consumer prices edged up 0.2 percent, following a 0.4 percent rise in May. The food index and the alcoholic beverages and tobacco products index decreased, while cost of recreation, education and reading posted no change.

Annual core inflation came in at 2.1 percent, the same as in May and above market consensus of 2 percent. 

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
7/22/2016 1:44:43 PM

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.50 21.60 -17.80 percent [+]
Inflation Rate Mom 0.20 0.40 2.60 -1.30 percent [+]
Consumer Price Index CPI 129.10 128.80 129.10 12.10 Index Points [+]
Core Consumer Prices 128.50 128.20 128.50 61.70 Index Points [+]
Core Inflation Rate 2.10 2.10 5.40 0.00 percent [+]
GDP Deflator 112.10 112.40 113.50 13.00 Index Points [+]
Producer Prices 110.00 109.10 112.60 15.60 Index Points [+]
Producer Prices Change -0.80 -1.10 8.70 -2.40 percent [+]
Export Prices 112.90 110.40 119.20 70.20 Index Points [+]
Import Prices 126.80 125.20 131.70 82.20 Index Points [+]
Food Inflation 1.30 1.80 20.18 -7.14 percent [+]
Cpi Transportation 131.00 129.40 133.10 10.90 Index Points [+]




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