Canada Inflation Rate

The inflation rate in Canada was recorded at 1.50 percent in March of 2014. Inflation Rate in Canada is reported by the Statistics Canada. Inflation Rate in Canada averaged 3.21 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. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.50 1.10 21.60 -17.80 1.24 | 2014/04 1915 - 2014 Percent Monthly

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Canada Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-24 01:30 PM Canada
Inflation Rate YoY
Dec 2013 1.2% 0.9% 1.0% 0.91%
2014-02-21 01:30 PM Canada
Inflation Rate YoY
Jan 2014 1.5% 1.2% 1.0% 1.02%
2014-03-21 12:30 PM Canada
Inflation Rate YoY
Feb 2014 1.1% 1.5% 0.9% 1.11%
2014-04-17 01:30 PM Canada
Inflation Rate YoY
Mar 2014 1.5% 1.1% 1.4% 1.31%
2014-05-23 01:30 PM Canada
Inflation Rate YoY
Apr 2014 1.5% 1.24%
2014-06-20 01:30 PM Canada
Inflation Rate YoY
May 2014 1.48%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 1.50 2014-03-31 1.10 21.60 -17.80 1.24 2014-04-30 Percent [+]
Consumer Price Index (CPI) 124.80 2014-03-15 124.10 124.80 12.10 124.92 2014-04-30 Index Points [+]
Core Consumer Prices 122.20 2014-03-15 122.10 122.20 61.70 122.31 2014-04-30 Index Points [+]
Export Prices 116.10 2014-02-15 115.00 123.90 73.80 115.71 2014-03-31 Index Points [+]
GDP Deflator 111.20 2013-11-15 111.10 128.20 15.50 111.27 2014-03-31 Index Points [+]
Import Prices 117.80 2014-02-15 116.60 117.80 73.80 118.10 2014-03-31 Index Points [+]
Inflation Rate Mom 0.60 2014-03-15 0.81 2.63 -1.31 0.16 2014-04-30 Percent [+]
Producer Prices 111.60 2014-02-15 110.50 116.30 17.20 111.74 2014-03-31 Index Points [+]
Producer Prices Change 1.80 2014-02-15 2.30 8.70 -0.80 1.51 2014-03-31 Percent [+]
Core Inflation Rate 1.30 2014-03-15 1.24 5.44 0.00 1.28 2014-04-30 Percent [+]
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Canada Inflation Rises Above Forecasts in March

The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.

In March of 2014, upward pressures came mostly from higher energy prices by 4.6 percent on a year-over-year basis from a 1.6 percent increase in February. Gasoline prices rose 1.4 percent, after decreasing 1.3 percent in February. In addition, the natural gas increased 17.9 percent, following a 5.5 percent rise in the previous month. 

Prices for electricity rose 5.0 percent in March, while prices for fuel oil increased 9.1 percent.

Shelter costs advanced 2.7 percent on a year-over-year basis in March, after rising 2.2 percent in the previous month. Additional upward pressures came from prices of transportation (1.7 percent from 0.4 percent), food (1.5 percent from 1.1 percent), alcoholic beverages and tobacco (3.9 percent from 2.5 percent). 

The clothing and footwear index fell 1.4 percent in the 12 months to March from -0.4 percent, while health and personal care index decreased 0.2 percent.

Consumer prices rose in all provinces in the 12 months to March. The largest increase was observed in Alberta, while the smallest was in British Columbia. The rise in the natural gas index in March was mainly attributable to a price increase in Alberta.

On a monthly basis, the inflation rate increased 0.6 percent in March, down from 0.8 percent recorded in the previous month.


Statistics Canada | Isabel Felino | isabel.felino@tradingeconomics.com
4/17/2014 2:16:13 PM

RECENT RELEASES

Canada Inflation Rate Slows in February
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January. Published on 2014-03-21

Canada Inflation Up to 19-Month High in January
Canada’s annual inflation rate accelerated in January of 2014 to 1.5 percent from 1.2 percent in the previous month, boosted by higher shelter costs. Published on 2014-02-21


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.


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