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

The inflation rate in Canada was recorded at 2.10 percent in July of 2014. 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. Inflation Rate in Canada is reported by the Statistics Canada.

   
 
 

Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.40 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, September 19, 2014.


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.

Shelter costs rose 3.0 percent in the 12 months to July, after advancing 2.9 percent in June. Natural gas prices increased 20.4 percent in July compared with the same month the previous year. Consumers also paid more for homeowners' home and mortgage insurance as well as property taxes on a year-over-year basis in July.

Food prices increased 2.9 percent year over year in July, matching the rise in June. Prices for food purchased from stores rose 3.2 percent in the 12 months to July, led by higher prices for meat (+9.2 percent). Prices for fresh vegetables rose 7.5 percent on a year-over-year basis in July, after increasing 9.5 percent in June. On a month-to-month basis, prices for fresh vegetables fell 3.0 percent in July. Food purchased from restaurants cost 2.1 percent more in July compared with the same month a year earlier.

Transportation costs rose 1.3 percent on a year-over-year basis in July, a smaller gain than in June (+2.2 percent). Gasoline prices increased 2.1 percent in the 12 months to July, after rising 5.4 percent in June. On a monthly basis, consumers paid 1.9 percent less for gasoline, with prices falling more in Western Canada than in Eastern Canada. In addition, prices for the purchase of passenger vehicles rose 1.3 percent year over year in July, following a 1.6 percent increase in
June.

The index for alcoholic beverages and tobacco products increased 4.7 percent in the 12 months to July. This rise was mainly due to a 10.7 percent year-over-year advance in cigarette prices. In 2014, the federal excise tax on tobacco, as well as the tobacco taxes in Newfoundland and Labrador, Quebec, Ontario and British Columbia increased.

On a monthly basis, consumer prices fell for the first time in six months by 0.2 percent.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2014 1:41:45 PM


Recent Releases

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

Canada Inflation Rate Accelerates in May
Canadian consumer prices rose 2.3 percent year-on-year in May of 2014, up from 2 percent in the previous month and reaching the highest rate in 27 months. Energy cost surged 8.4 percent in the 12 months to May, matching the rise in April. Published on 2014-06-20


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-23 01:30 PM Canada
Inflation Rate YoY
Apr 2014 2.0% 1.5% 2.0% 1.24%
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% 2.0% 2%


Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 2.40 21.60 -17.80 Percent [+]
Inflation Rate Mom -0.16 0.08 2.63 -1.31 Percent [+]
Consumer Price Index CPI 125.70 125.90 125.90 12.10 Index Points [+]
Core Inflation Rate 1.74 1.82 5.44 0.00 Percent [+]
Core Consumer Prices 123.30 123.20 123.30 61.70 Index Points [+]
GDP Deflator 113.10 112.90 113.10 13.00 Index Points [+]
Producer Prices 111.70 111.80 112.60 15.60 Index Points [+]
Producer Prices Change 2.90 3.10 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 2.90 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 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 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 1.40 Aug/14 1.60 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 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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