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

Consumer prices in Canada increased by 1.6 percent year-on-year in December 2015, following a 1.4 percent growth in the previous month while missing market expectations of 1.7 percent. It was the highest inflation rate recorded since November 2014 as cost of food and shelter continued to rise while transport prices went up for the first time since October 2014. Inflation Rate in Canada averaged 3.18 percent from 1915 until 2015, 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
1.60 1.40 21.60 -17.80 1915 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-20 01:30 PM Oct 1.0% 1.0% 1% 1.0%
2015-12-18 01:30 PM Nov 1.4% 1.0% 1.5% 1.0%
2016-01-22 01:30 PM Dec 1.6% 1.4% 1.7% 1.4%
2016-02-19 01:30 PM Jan 1.6% 1.67%
2016-03-18 12:30 PM Feb 1.66%
2016-04-22 12:30 PM Mar 1.71%

Canada Inflation Rate Highest Since November 2014


Consumer prices in Canada increased by 1.6 percent year-on-year in December 2015, following a 1.4 percent growth in the previous month while missing market expectations of 1.7 percent. It was the highest inflation rate recorded since November 2014 as cost of food and shelter continued to rise while transport prices went up for the first time since October 2014.

Year-on-year, prices were up in all eight major components on a year-over-year basis in December, with the food and shelter indexes contributing the most to the rise in the CPI. The transportation index, which includes gasoline, registered its first year-over-year increase since October 2014.

Consumers paid 3.7 percent more for food, as prices for food purchased from stores were up 4.1 percent, following a 3.7 percent increase the previous month. The acceleration was mainly attributable to the fresh vegetables and fresh fruit indexes, which rose more on a year-over-year basis in December than in the previous month. In contrast, the meat index increased less in the 12 months to December (+2.4 percent) than in November (+3.9 percent). Prices for food purchased from restaurants rose 2.8 percent, matching the increase in November.

The transportation index was up 0.6 percent, after recording 13 consecutive declines. This turnaround was mainly attributable to the gasoline index, which recorded a smaller decrease in December (-4.8 percent) than in November (-10.6 percent). In addition, the purchase of passenger vehicles index rose 3.1 percent, following a 1.9 percent increase the previous month.

The clothing and footwear index was up 0.7 percent, after rising 2.1 percent in November. The men's clothing index registered a smaller increase in December than in November, while prices for women's clothing declined in the 12 months to December, after increasing in November.

Annual core inflation slowed to 1.9 percent from 2 percent in November.

On a monthly basis, consumer prices dropped 0.5 percent after falling by 0.1 percent in November, as transport prices and cost of recreation, education and reading declined by 0.6 percent and 0.8 percent, respectively. 

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/22/2016 1:47:12 PM

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.40 21.60 -17.80 percent [+]
Inflation Rate Mom -0.50 -0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 126.50 127.10 127.30 12.10 Index Points [+]
Core Consumer Prices 126.80 126.70 126.80 61.70 Index Points [+]
Core Inflation Rate 1.90 2.00 5.40 0.00 percent [+]
GDP Deflator 112.60 112.50 113.50 13.00 Index Points [+]
Producer Prices 109.80 110.00 112.60 15.60 Index Points [+]
Producer Prices Change 1.10 -0.20 8.70 -2.40 percent [+]
Export Prices 114.80 114.80 119.20 70.20 Index Points [+]
Import Prices 128.00 126.90 128.00 82.20 Index Points [+]
Food Inflation 3.70 3.40 20.18 -7.14 percent [+]




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