Canada Inflation Rate 1915-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Canada was recorded at 1.20 percent in March of 2015. Inflation Rate in Canada averaged 3.19 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.

     Forecast  
Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.00 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. Content for - Canada Inflation Rate - was last refreshed on Saturday, April 25, 2015.


Canada Inflation Rate Edges Up in March


Consumer prices in Canada increased by 1.2 percent year-on-year in March of 2015, up from 1 percent reported in the previous month, as cost increased in seven of the eight major components of the CPI.

Lower gasoline prices continued to be the largest downward contributor to the CPI in the 12 months to March, posting a 19.2 percent decline. However, the decline in March was smaller than the 21.8 percent year-over-year decrease observed in February.

Excluding gasoline, the CPI increased 2.2 percent on a year-over-year basis in March, matching the rise the previous month.

Prices rose in seven of the eight major components in the 12 months to March, led by higher prices for food, followed by increases in the household operations, furnishings and equipment index and the shelter index. The transportation index, which includes gasoline, posted its fifth consecutive year-over-year decline.

Consumers paid 3.8 percent more for food in March compared with the same month a year earlier. Prices for food purchased from stores were up 4.2 percent on a year-over-year basis, led by an 11.8 percent increase in meat prices. Higher prices for fresh vegetables (+6.4 percent) and fresh fruit (+2.1 percent) also contributed to the gain. Prices for food purchased from restaurants rose 2.8 percent year over year in March.

Shelter costs rose 1.4 percent year over year in March, led by the homeowners' home and mortgage insurance index, which was up 9.1 percent. Consumers also paid more for rent (+1.4 percent), property taxes (+2.2 percent) and electricity (+3.0 percent). In contrast, fuel oil prices were 15.2 percent lower in March compared with the same month the previous year.

Transportation costs decreased 3.9 percent in the 12 months to March, after falling 5.0 percent in February. Lower gasoline prices were the largest downward contributor in both months. Conversely, prices for the purchase of passenger vehicles rose 1.8 percent year over year in March, following a 1.0 percent decline the previous month.

On a non-seasonally adjusted monthly basis, the gasoline price index rose 6.3 percent in March, following a 9.4 percent gain the previous month.


On a seasonally adjusted monthly basis, the CPI increased 0.7 percent in March.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/17/2015 1:48:17 PM


Recent Releases

Canada Inflation Rate Steady at 1% in February
Consumer prices in Canada increased by 1 percent year-on-year in February of 2015, the same rate as in the previous month as gasoline prices fell at a slower pace. Published on 2015-03-20

Canada Inflation At 14-Month Low in January
Consumer prices in Canada increased 1 percent year-on-year in January of 2015, down from a 1.5 percent rise in the previous month, as gasoline prices continued to fall. Published on 2015-02-26


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-26 01:30 PM
Inflation Rate YoY  Jan
1.0% 1.5% 0.7% 0.6%
2015-03-20 12:30 PM
Inflation Rate YoY  Feb
1.0% 1.0% 1.0% 1.25%
2015-04-17 01:30 PM
Inflation Rate YoY  Mar
1.2% 1.0% 1.0% 0.9%
2015-05-22 01:30 PM
Inflation Rate YoY  Apr
1.2% 1.71%
2015-06-19 01:30 PM
Inflation Rate YoY  May
1.7%
2015-07-17 01:30 PM
Inflation Rate YoY  Jun
1.72%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.00 21.60 -17.80 percent [+]
Inflation Rate Mom 0.70 0.90 2.60 -1.30 percent [+]
Consumer Price Index CPI 126.30 125.40 126.30 12.10 Index Points [+]
Core Inflation Rate 2.40 2.10 5.40 0.00 percent [+]
Core Consumer Prices 125.20 124.70 125.20 61.70 Index Points [+]
GDP Deflator 112.70 113.40 113.40 13.00 Index Points [+]
Producer Prices 110.20 108.30 112.60 15.60 Index Points [+]
Producer Prices Change -1.60 -2.20 8.70 -2.20 percent [+]
Export Prices 116.90 112.10 119.20 70.20 Index Points [+]
Import Prices 121.70 119.50 121.70 82.20 Index Points [+]
Food Inflation 3.80 3.90 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]