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

Consumer prices in Canada increased 1.1 percent year-on-year in August of 2016, down from 1.3 percent in July and missing market expectations of a 1.4 percent gain. It is the lowest inflation figure since October, due to a slowdown in cost of food, recreation, education and reading. 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. Inflation Rate in Canada is reported by the Statistics Canada.

Canada Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.30 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-22 12:30 PM Jun 1.5% 1.5% 1.4% 1.5%
2016-08-19 12:30 PM Jul 1.3% 1.5% 1.3% 1.4%
2016-09-23 12:30 PM Aug 1.1% 1.3% 1.4% 1.5%
2016-10-21 12:30 PM Sep 1.1% 1.6%
2016-11-18 01:30 PM Oct 1.6%
2016-12-22 01:30 PM Nov 1.5%

Canada Inflation Rate Slows to 10-Month Low


Consumer prices in Canada increased 1.1 percent year-on-year in August of 2016, down from 1.3 percent in July and missing market expectations of a 1.4 percent gain. It is the lowest inflation figure since October, due to a slowdown in cost of food, recreation, education and reading.

Year-on-year, food prices were up 1.1 percent in August, after rising 1.6 percent in July. Prices for food purchased from stores recorded their smallest annual gain since June 2010, up 0.4 percent. The meat index decreased in August, after increasing in July, and the fresh fruit index posted its first decline since December 2013. Prices for food purchased from restaurants rose 2.5 percent, following a 2.7 percent gain in July.

The recreation, education and reading index was up 1.1 percent, after posting a 1.9 percent gain in July. This deceleration was partly attributable to the travel tours index, which declined 5.6 percent. The traveller accommodation index was unchanged.

The shelter index rose 1.7 percent, with the homeowners' replacement cost index (+4 percent) contributing the most to the gain. Electricity prices were up 5.6 percent while the natural gas index declined 9.9 percent.

The transportation index rose 0.3 percent, following a 0.2 percent decline in July. Gasoline prices posted a smaller decrease in August (-11.5 percent) than in July (-14.0 percent). The purchase of passenger vehicles index increased 5.2 percent after posting a 5.4 percent gain in July.

On a monthly basis, consumer prices declined 0.2 percent for the second month. Gasoline prices were down 0.9 percent. 

Excluding food and energy, consumer prices were unchanged. Year-on-year, prices rose 1.9 percent, down from 2.1 percent in July.


Statisics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
9/23/2016 12:50:59 PM

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.30 21.60 -17.80 percent [+]
Inflation Rate Mom -0.20 -0.20 2.60 -1.30 percent [+]
Consumer Price Index CPI 128.70 128.90 129.10 12.10 Index Points [+]
Core Consumer Prices 128.60 128.60 128.60 61.70 Index Points [+]
Core Inflation Rate 1.80 2.10 5.40 0.00 percent [+]
GDP Deflator 112.40 112.00 113.50 13.00 Index Points [+]
Producer Prices 110.20 110.00 112.60 15.60 Index Points [+]
Producer Prices Change -1.30 -0.80 8.70 -2.40 percent [+]
Export Prices 113.50 113.10 119.20 70.20 Index Points [+]
Import Prices 128.80 126.80 131.70 82.20 Index Points [+]
Food Inflation 1.10 1.60 20.18 -7.14 percent [+]
Cpi Transportation 128.20 128.90 133.10 10.90 Index Points [+]




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