Canada Inflation Rate 1915-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Canada was recorded at 1.50 percent in December 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
1.50 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 Friday, January 30, 2015.


Canada Inflation Rate Slows to 1.5%


Consumer prices in Canada increased 1.5 percent year-on-year in December, down from 2 percent rise reported in the previous month due to a sharp drop in cost of gasoline.

Gasoline prices fell 16.6 percent in the 12 months to December, after declining 5.9 percent in November. As a result,  transportation costs declined 2.8 percent. Excluding gasoline, the CPI increased 2.3 percent, matching the November rise.

The shelter index rose 2.4 percent, following a 2.3 percent gain in November. Natural gas prices increased 16.5 percent after recording a 14.7 percent rise the previous month. Electricity prices were up 4.3 percent, following a 3.6 percent increase in November.

Food prices advanced 3.7 percent, after posting a 3.1 percent gain in November. Prices for food purchased from stores were up 4.2 percent, following a 3.3 percent increase the previous month. This acceleration was led by prices of fresh vegetables, which advanced 6.9 percent, after rising 2.6 percent in November. Consumers also paid more for meat (+13.1 percent) and food purchased from restaurants (+2.5 percent).

The Bank of Canada's core index rose 2.2 percent in the 12 months to December, after increasing 2.1 percent in the previous month.

On a monthly basis, consumer prices dropped 0.7 percent in November, following a 0.4 percent fall in November. Before seasonal adjustment, the gasoline price index fell 9.8 percent in December. Between June and December 2014, gasoline prices decreased 24.6 percent. 

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
1/23/2015 2:19:36 PM


Recent Releases

Canada Inflation Rate Slows in November
Canadian annual inflation rate eased to 2 percent in November of 2014 from 2.4 percent in October. Gasoline prices fell 5.9 percent, reaching the lowest level since early 2011. Published on 2014-12-19

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. Published on 2014-11-24


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
2.0% 2.4% 2.2% 2.31%
2015-01-23 01:30 PM
Inflation Rate YoY  Dec
1.5% 2.0% 1.5% 1.6%
2015-02-26 01:30 PM
Inflation Rate YoY  Jan
1.5% 1.71%
2015-03-20 12:30 PM
Inflation Rate YoY  Feb
1.68%
2015-04-17 01:30 PM
Inflation Rate YoY  Mar
1.67%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 2.00 21.60 -17.80 percent [+]
Inflation Rate Mom -0.70 -0.40 2.60 -1.30 percent [+]
Consumer Price Index CPI 124.50 125.40 125.90 12.10 Index Points [+]
Core Inflation Rate 2.20 2.10 5.40 0.00 percent [+]
Core Consumer Prices 124.30 124.10 124.30 61.70 Index Points [+]
GDP Deflator 113.50 113.00 113.50 13.00 Index Points [+]
Producer Prices 110.30 110.70 112.60 15.60 Index Points [+]
Producer Prices Change 1.90 2.50 8.70 -0.80 percent [+]
Export Prices 113.60 114.10 119.20 70.20 Index Points [+]
Import Prices 118.50 118.90 118.90 82.20 Index Points [+]
Food Inflation 3.70 3.16 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany -0.30 Jan/15 0.20 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Dec/14 2.40 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]