Canada Inflation Rate

The inflation rate in Canada was recorded at 1.50 percent in March of 2014. Inflation Rate in Canada is reported by the Statistics Canada. 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. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.50 1.10 21.60 -17.80 1.24 | 2014/04 1915 - 2014 Percent Monthly


Canada Inflation Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-24 01:30 PM Canada
Inflation Rate YoY
Dec 2013 1.2% 0.9% 1.0% 0.91%
2014-02-21 01:30 PM Canada
Inflation Rate YoY
Jan 2014 1.5% 1.2% 1.0% 1.02%
2014-03-21 12:30 PM Canada
Inflation Rate YoY
Feb 2014 1.1% 1.5% 0.9% 1.11%
2014-04-17 01:30 PM Canada
Inflation Rate YoY
Mar 2014 1.5% 1.1% 1.4% 1.31%
2014-05-23 01:30 PM Canada
Inflation Rate YoY
Apr 2014 1.5% 1.24%
2014-06-20 01:30 PM Canada
Inflation Rate YoY
May 2014 1.48%

Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 1.50 2014-03-31 1.10 21.60 -17.80 1.24 2014-04-30 Percent [+]
Consumer Price Index (CPI) 124.80 2014-03-15 124.10 124.80 12.10 124.92 2014-04-30 Index Points [+]
Core Consumer Prices 122.20 2014-03-15 122.10 122.20 61.70 122.31 2014-04-30 Index Points [+]
Export Prices 116.10 2014-02-15 115.00 123.90 73.80 115.71 2014-03-31 Index Points [+]
GDP Deflator 111.20 2013-11-15 111.10 128.20 15.50 111.27 2014-03-31 Index Points [+]
Import Prices 117.80 2014-02-15 116.60 117.80 73.80 118.10 2014-03-31 Index Points [+]
Inflation Rate Mom 0.56 2014-03-15 0.81 2.63 -1.31 0.16 2014-04-30 Percent [+]
Producer Prices 111.60 2014-02-15 110.50 116.30 17.20 111.74 2014-03-31 Index Points [+]
Producer Prices Change 1.80 2014-02-15 2.30 8.70 -0.80 1.51 2014-03-31 Percent [+]
Core Inflation Rate 1.32 2014-03-15 1.24 5.44 0.00 1.28 2014-04-30 Percent [+]

Canada Inflation Rises Above Forecasts in March

The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.

In March of 2014, upward pressures came mostly from higher energy prices by 4.6 percent on a year-over-year basis from a 1.6 percent increase in February. Gasoline prices rose 1.4 percent, after decreasing 1.3 percent in February. In addition, the natural gas increased 17.9 percent, following a 5.5 percent rise in the previous month. 

Prices for electricity rose 5.0 percent in March, while prices for fuel oil increased 9.1 percent.

Shelter costs advanced 2.7 percent on a year-over-year basis in March, after rising 2.2 percent in the previous month. Additional upward pressures came from prices of transportation (1.7 percent from 0.4 percent), food (1.5 percent from 1.1 percent), alcoholic beverages and tobacco (3.9 percent from 2.5 percent). 

The clothing and footwear index fell 1.4 percent in the 12 months to March from -0.4 percent, while health and personal care index decreased 0.2 percent.

Consumer prices rose in all provinces in the 12 months to March. The largest increase was observed in Alberta, while the smallest was in British Columbia. The rise in the natural gas index in March was mainly attributable to a price increase in Alberta.

On a monthly basis, the inflation rate increased 0.6 percent in March, down from 0.8 percent recorded in the previous month.

Statistics Canada | Isabel Felino |
4/17/2014 2:16:13 PM


Canada Inflation Rate Slows in February
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January. Published on 2014-03-21

Canada Inflation Up to 19-Month High in January
Canada’s annual inflation rate accelerated in January of 2014 to 1.5 percent from 1.2 percent in the previous month, boosted by higher shelter costs. Published on 2014-02-21

Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
Canadian Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Canadian jobless rate fell to 6.9 from 7.0 percent in the previous month and 7.2 percent a year earlier. Employment increased by 42,900, driven by gains among youths, compared with a loss of 7,000 jobs in February.
Canadian Trade Balance Turns to a CAD 290 Million Surplus  
Trade balance in Canada recorded a surplus of CAD 290 million in February of 2014, following a CAD 337 million deficit in January, as exports grew 3.6 percent and imports were up 2.1 percent. Motor vehicles and parts, and energy products improved exports, while imports increased for energy products.
Canada Inflation Rate Slows in February  
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January.
Canada Trade Deficit Narrows Sharply in January  
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent.
Canada Unemployment Rate Steady at 7%  
In February of 2014, Canada's jobless rate remained unchanged at 7 percent. There has been little overall employment growth in Canada since August 2013.
Canada Leaves Monetary Policy Unchanged  
At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
Canadian Economy Resilient in Q4  
In the last three months of 2013, Canada’s GDP advanced 0.7 percent on a quarter-on-quarter basis, the same rate recorded in the preceding quarter. The annualized growth rate was recorded at 2.9 percent, better than 2.7 percent in the third quarter.
Canada's Current Account Deficit Widened in Q4  
Canada's current account deficit increased by CAD 1.2 billion to CAD 16.0 billion in the fourth quarter of 2013. It is the highest deficit in the last five quarters, as exports fell due to lower crude oil prices and imports rose.


US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.

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