Canada Inflation Rate 1915-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Canada was recorded at 2.10 percent in August 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.

   
 
 

Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.10 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 Wednesday, October 1, 2014.


Canada Inflation Rate Stable at 2.1% in August


Canadian consumer prices rose 2.1 percent in the 12 months to August, matching the increase in July. The biggest contributor to the rise was cost of shelter; prices of household operations, furnishings and equipment, food, and transportation also increased.

Shelter costs rose 2.8 percent in August compared with the same month a year earlier. This increase followed a 3.0 percent gain in July. Natural gas prices increased 17.9 percent on a year-over-year basis in August, after rising 20.4 percent the previous month. Consumers also paid more for homeowners' home and mortgage insurance.

The household operations, furnishings and equipment index rose 3.0 percent on a year-over-year basis in August, led by a 7.6 percent increase in the cost of telephone services. In addition, the cost of Internet access services rose in the 12 months to August.

Food prices were up 2.2 percent in the 12 months to August. The cost of food purchased from stores increased 2.3 percent on a year-over-year basis, after rising 3.2 percent the previous month. This deceleration was led by prices for fresh fruit and fresh vegetables, both of which recorded smaller increases in August than in July. At the same time, consumers paid 9.3 percent more for meat in the 12 months to August. Prices for food purchased from restaurants were up 2.1 percent compared with the same month a year earlier.

Transportation costs rose 1.2 percent on a year-over-year basis in August, following a 1.3 percent increase in July. The purchase of passenger vehicles index advanced 2.9 percent in the 12 months to August, after rising 1.3 percent the previous month. Conversely, gasoline prices decreased 0.1 percent in August compared with the same month a year earlier. This decline followed a 2.1 percent gain in July.

The index for alcoholic beverages and tobacco products advanced 5.7 percent in the 12 months to August, following a 4.7 percent gain in July. This larger increase was led by higher prices for beer purchased from stores, which rose 2.8 percent year over year in August, after increasing 0.3 percent the previous month. Consumers also paid more for cigarettes on a year-over-year basis in August.

On a monthly basis, consumer prices were flat in August, following a 0.2 percent drop in July.

The annual core inflation rate accelerated to 2.1 percent from 1.7 percent in the previous month. 

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
9/19/2014 4:09:01 PM


Recent Releases

Canada Inflation Rate Slows in July
Canada annual inflation decelerated for the first time in five months to 2.1 percent in July from 2.4 percent in June. Higher prices for shelter and food contributed the most to the rise in the CPI, while transport cost put downward pressure. Published on 2014-08-22

Canada Inflation Rate Rises Further
Canadian consumer prices rose 2.4 percent year-on-year in June, following a 2.3 percent increase in the previous month. While prices increased in all major components, cost of shelter, food and transportation contributed the most to the rise. Published on 2014-07-18


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-20 01:30 PM Canada
Inflation Rate YoY
May 2014 2.3% 2.0% 2.0% 1.1%
2014-07-18 01:30 PM Canada
Inflation Rate YoY
Jun 2014 2.4% 2.3% 2.4% 2.35%
2014-08-22 01:30 PM Canada
Inflation Rate YoY
Jul 2014 2.1% 2.4% 2.2% 2.1%
2014-09-19 01:30 PM Canada
Inflation Rate YoY
Aug 2014 2.1% 2.1% 2.1% 2%
2014-10-17 01:30 PM Canada
Inflation Rate YoY
Sep 2014 2.1% 2.27%


Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 2.10 21.60 -17.80 Percent [+]
Inflation Rate Mom 0.00 -0.16 2.63 -1.31 Percent [+]
Consumer Price Index CPI 125.70 125.70 125.90 12.10 Index Points [+]
Core Inflation Rate 2.10 1.70 5.40 0.00 Percent [+]
Core Consumer Prices 123.60 123.30 123.60 61.70 Index Points [+]
GDP Deflator 113.10 112.90 113.10 13.00 Index Points [+]
Producer Prices 111.60 111.40 112.50 15.60 Index Points [+]
Producer Prices Change 2.50 2.80 8.70 -0.80 Percent [+]
Export Prices 114.30 114.10 119.20 70.20 Index Points [+]
Import Prices 116.30 116.50 118.20 82.20 Index Points [+]
Food Inflation 2.20 2.90 20.18 -7.14 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Sep/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Sep/14 0.80 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 4.53 Sep/14 3.99 82.40 -1.17 Percent [+]
Italy -0.10 Sep/14 -0.10 25.64 -2.44 Percent [+]
Japan 3.30 Aug/14 3.40 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.10 Sep/14 1.40 32.50 0.20 Percent [+]
Spain -0.20 Sep/14 -0.50 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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