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

The inflation rate in Canada was recorded at 2 percent in November 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.

      Forecast    
Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.00 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 Saturday, December 20, 2014.


Canada Inflation Rate Slows in November


Canadian annual inflation rate eased to 2 percent in November of 2014 from 2.4 percent in October. Gasoline prices fell 5.9 percent, reaching the lowest level since early 2011.

Transportation costs fell 0.2 percent in the 12 months to November, following a 1.1 percent rise in October. This decline was almost entirely attributable to lower gasoline prices (-5.9 percent in the 12 months to November, after rising 0.6 percent in the previous month). Conversely, consumers paid 1.3 percent more for the purchase of passenger vehicles on a year-over-year basis in November, after paying 0.9 percent more in October. 

The shelter index rose 2.3 percent in the 12 months to November, following a 2.8 percent gain in October. Natural gas prices increased 14.7 percent on a year-over-year basis in November, after recording a 20.1 percent rise the previous month. As well, electricity prices were up 3.6 percent year over year in November, following a 5.6 percent increase in October.

Food prices advanced 3.1 percent on a year-over-year basis in November. Prices for food purchased from stores were up 3.3 percent in the 12 months to November, led by a 12.2 percent rise in meat prices. Food purchased from restaurants cost 2.5 percent more in November compared with the same month in 2013.

The Bank of Canada's core index rose 2.1 percent in the 12 months to November, after increasing 2.3 percent in October.

On a monthly basis, consumer prices dropped 0.4 percent in November. The gasoline price index declined 7.5 percent in November, marking its fifth consecutive monthly decrease. In November, gasoline prices were at their lowest level since February 2011.

Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/19/2014 2:10:13 PM


Recent Releases

Canada Inflation Rate Edges Up
Canadian annual inflation rate increased to 2.4 percent in October from 2 percent in September due to higher prices of shelter and food. Published on 2014-11-24

Canada Inflation Rate Back to Central Bank’s Target
Canadian annual inflation rate slowed to 2 percent in September from 2.1 percent in August. Higher prices for shelter and food contributed the most to the rise in the CPI, while the transportation index posted the smallest increase. Published on 2014-10-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-17 01:30 PM
Inflation Rate YoY  Sep
2.0% 2.1% 2.0% 2.1%
2014-11-21 01:30 PM
Inflation Rate YoY  Oct
2.4% 2.0% 2.1% 1.98%
2014-12-19 01:30 PM
Inflation Rate YoY  Nov
2.0% 2.4% 2.2% 2.31%
2015-01-23 01:30 PM
Inflation Rate YoY  Dec
2.0% 1.99%
2015-02-26 01:30 PM
Inflation Rate YoY  Jan
2.07%
2015-03-20 12:30 PM
Inflation Rate YoY  Feb
1.96%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.40 21.60 -17.80 percent [+]
Inflation Rate Mom -0.40 0.10 2.63 -1.31 percent [+]
Consumer Price Index CPI 125.90 125.80 125.90 12.10 Index Points [+]
Core Inflation Rate 2.10 2.30 5.40 0.00 percent [+]
Core Consumer Prices 124.10 123.80 124.10 61.70 Index Points [+]
GDP Deflator 113.50 113.00 113.50 13.00 Index Points [+]
Producer Prices 110.80 111.40 112.50 15.60 Index Points [+]
Producer Prices Change 2.50 2.60 8.70 -0.80 percent [+]
Export Prices 114.70 114.10 119.20 70.20 Index Points [+]
Import Prices 119.00 118.30 119.00 82.20 Index Points [+]
Food Inflation 2.80 2.70 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.56 Nov/14 6.59 6821.31 1.65 percent [+]
Canada 2.00 Nov/14 2.40 21.60 -17.80 percent [+]
China 1.40 Nov/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.30 Nov/14 0.40 5.00 -0.70 percent [+]
France 0.30 Nov/14 0.50 18.80 -0.70 percent [+]
Germany 0.57 Nov/14 0.80 11.54 -7.62 percent [+]
India 4.38 Nov/14 5.52 11.16 4.38 percent [+]
Indonesia 6.23 Nov/14 4.83 82.40 -1.17 percent [+]
Italy 0.19 Nov/14 0.10 25.64 -2.44 percent [+]
Japan 2.90 Oct/14 3.20 25.00 -2.52 percent [+]
Mexico 4.17 Nov/14 4.30 179.73 2.91 percent [+]
Netherlands 1.00 Nov/14 1.10 11.19 -1.30 percent [+]
Russia 9.10 Nov/14 8.30 2333.30 3.60 percent [+]
South Korea 1.00 Nov/14 1.20 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland -0.10 Nov/14 0.00 11.92 -1.37 percent [+]
Turkey 9.15 Nov/14 8.96 138.71 -4.01 percent [+]
United Kingdom 1.00 Nov/14 1.30 8.50 0.50 percent [+]
United States 1.30 Nov/14 1.70 23.70 -15.80 percent [+]