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

Consumer prices in Canada increased 1.5 percent year-on-year in October of 2016, following a 1.3 percent rise in September and in line with market estimates. Higher transport and shelter prices boosted inflation while food prices declined for the first time since January of 2000. 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.

Canada Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-23 12:30 PM Aug 1.1% 1.3% 1.4% 1.5%
2016-10-21 12:30 PM Sep 1.3% 1.1% 1.5% 1.3%
2016-11-18 01:30 PM Oct 1.5% 1.3% 1.5% 1.3%
2016-12-22 01:30 PM Nov 1.5% 1.4%
2017-01-23 01:30 PM Dec
2017-02-20 01:30 PM Jan




Canada Inflation Rate Up to 1.5%


Consumer prices in Canada increased 1.5 percent year-on-year in October of 2016, following a 1.3 percent rise in September and in line with market estimates. Higher transport and shelter prices boosted inflation while food prices declined for the first time since January of 2000.

Year-on-year, transport cost rose 3 percent, following a 2.3 percent gain in September: gasoline prices went up 2.5 percent after declining 3.2 percent and purchase of passenger vehicles rose less (+4.4 percent compared to 5.8 percent) but remained the top upward contributor to the 12-month change in the transportation index.

Shelter prices increased the most since January of 2015 (+1.9 percent), following a 1.7 percent gain in September. The homeowners' replacement cost index was up 4.1 percent and property taxes rose 2.8 percent while the natural gas index was down 3.4 percent.  

Food prices posted their first decline since January of 2000, down 0.7 percent after rising 0.1 percent in September. Prices for food purchased from stores recorded their largest decline since July of 1992, down 2.1 percent after decreasing 0.9 percent. Prices of fresh fruit (-7.4 percent ), meat (-1.7 percent ), dairy products (-2.4 percent ) and fresh vegetables (-3.6 percent ) declined while cost of fish, seafood and other marine products rose. Prices for food purchased from restaurants were up 2.6 percent . 

On a monthly basis, consumer prices went up 0.2 percent after edging up 0.1 percent in September.


Excluding food and energy, consumer prices rose 0.2 percent on the month and 1.7 percent on the year.


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
11/18/2016 2:05:15 PM



Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.30 21.60 -17.80 percent [+]
Inflation Rate Mom 0.20 0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 129.10 128.80 129.10 12.10 Index Points [+]
Core Consumer Prices 128.70 128.70 128.70 61.70 Index Points [+]
Core Inflation Rate 1.70 1.80 5.40 0.00 percent [+]
GDP Deflator 113.10 112.40 113.60 13.00 Index Points [+]
Producer Prices 111.20 110.30 112.60 15.60 Index Points [+]
Producer Prices Change 0.80 -0.50 8.70 -2.40 percent [+]
Export Prices 115.20 114.30 119.20 70.20 Index Points [+]
Import Prices 128.80 127.50 131.70 82.20 Index Points [+]
Food Inflation -0.70 0.10 20.18 -7.14 percent [+]
Cpi Transportation 129.60 128.30 133.10 10.90 Index Points [+]



Canada Inflation Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 21.60 -17.80 1915 - 2016 percent Monthly
2002=100



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