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

Consumer prices in Canada increased by 1.3 percent on the year in March 2016, slowing from a 1.4 percent growth in the previous month but staying slightly above market expectations of 1.2 percent. It was the lowest reading since October last year, as cost of food and shelter rose further while a decline in prices for transportation and clothing weighed on inflation. The annual core inflation rate was recorded at 2.1 percent, up from 1.9 percent in February. On a monthly basis, consumer prices rose 0.6 percent following a 0.2 percent rise in the previous month. Inflation Rate in Canada averaged 3.18 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. Inflation Rate in Canada is reported by the Statistics Canada.

Canada Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.40 21.60 -17.80 1915 - 2016 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. Canada Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-19 01:30 PM Jan 2.0% 1.6% 1.7% 1.6%
2016-03-18 12:30 PM Feb 1.4% 2% 1.5% 1.6%
2016-04-22 12:30 PM Mar 1.3% 1.4% 1.2% 1.93%
2016-05-20 12:30 PM Apr 1.3% 1.5%
2016-06-17 12:30 PM May 1.8%
2016-07-22 12:30 PM Jun 1.7%

Canada Inflation Rate Down to 5-Month Low


Consumer prices in Canada increased by 1.3 percent on the year in March 2016, slowing from a 1.4 percent growth in the previous month but staying slightly above market expectations of 1.2 percent. It was the lowest reading since October last year, as cost of food and shelter rose further while a decline in prices for transportation and clothing weighed on inflation.

Compared with March 2015, food prices were up 3.6 percent in March, after rising 3.9 percent in February. Prices for food purchased from stores increased 4 percent, following a 4.4 percent gain the previous month. The meat index rose 3.2 percent, its largest increase since November 2015. Prices for food purchased from restaurants were up 2.6 percent, following a 2.7 percent increase the previous month.

The transportation index decreased 1 percent in the 12 months to March, following a 0.5 percent decline in February. Lower year-over-year gasoline prices partly contributed to the decrease. The index for purchase of passenger vehicles was up 3.2 percent, after increasing 5 percent in the previous month.

The clothing and footwear index was down 0.4 percent, after decreasing 1.3 percent in February. Shoppers paid 1.8 percent less for women's clothing. Prices for children's clothing increased more on a year-over-year basis in March (+2.6 percent) than in February (+0.9 percent).

The annual core inflation rate was recorded at 2.1 percent, up from 1.9 percent February. 

On a monthly basis, consumer prices rose 0.6 percent following a 0.2 percent rise in the previous month.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/22/2016 1:45:39 PM

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.40 21.60 -17.80 percent [+]
Inflation Rate Mom 0.60 0.20 2.60 -1.30 percent [+]
Consumer Price Index CPI 127.90 127.10 127.90 12.10 Index Points [+]
Core Consumer Prices 127.70 127.20 127.70 61.70 Index Points [+]
Core Inflation Rate 2.10 1.90 5.40 0.00 percent [+]
GDP Deflator 112.40 112.60 113.50 13.00 Index Points [+]
Producer Prices 108.30 109.00 112.60 15.60 Index Points [+]
Producer Prices Change -2.10 -1.40 8.70 -2.40 percent [+]
Export Prices 112.80 115.50 119.20 70.20 Index Points [+]
Import Prices 128.60 131.70 131.70 82.20 Index Points [+]
Food Inflation 3.60 3.90 20.18 -7.14 percent [+]
Cpi Transportation 125.30 123.70 133.10 10.90 Index Points [+]




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