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

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

   
 
 

Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.10 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 Wednesday, October 22, 2014.


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.

Shelter costs rose 2.7% in the 12 months to September, following a 2.8 percent gain in August, driven by a 16.2% increase in natural gas prices. 

Consumers also paid more for homeowners' home and mortgage insurance, property taxes and electricity in September compared with the same month in 2013. Conversely, the mortgage interest cost index declined year over year.

Food prices were up 2.7% on a year-over-year basis in September. This followed a 2.2% increase in August. Prices for food purchased from stores rose 3.0% year over year in September, after advancing 2.3% the previous month. This faster rise was led by meat prices, which increased 11.5% in the 12 months to September, following a 9.3% gain in August. Food purchased from restaurants cost 2.3% more in September compared with the same month a year earlier.

The transportation index increased 0.5% in the 12 months to September, after advancing 1.2% in August. Prices for the purchase of passenger vehicles recorded a 0.5% year-over-year rise in September, following a 2.9% increase the previous month. Conversely, consumers paid 0.5% less for gasoline on a year-over-year basis in September.

Tuition fees, which are part of the recreation, education and reading major component, rose 3.2% in September compared with the same month a year earlier. Tuition fees increased the most for Ontario residents (+4.0%) and least for residents of Newfoundland and Labrador (+0.9%).

Annual core inflation rate stood at 2.1% in the 12 months to September, matching the increase in August.

Statistics Canada | Ricardo Martins | ricardo.martins@tradingeconomics.com
10/17/2014 2:00:49 PM


Recent Releases

Canada Inflation Rate Stable at 2.1% in August
Canadian consumer prices rose 2.1 percent in the 12 months to August, matching the increase in July. The biggest contributor to the rise was cost of shelter; prices of household operations, furnishings and equipment, food, and transportation also increased. Published on 2014-09-19

Canada Inflation Rate Slows in July
Canada annual inflation decelerated for the first time in five months to 2.1 percent in July from 2.4 percent in June. Higher prices for shelter and food contributed the most to the rise in the CPI, while transport cost put downward pressure. Published on 2014-08-22


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-18 01:30 PM Canada
Inflation Rate YoY
Jun 2014 2.4% 2.3% 2.4% 2.35%
2014-08-22 01:30 PM Canada
Inflation Rate YoY
Jul 2014 2.1% 2.4% 2.2% 2.1%
2014-09-19 01:30 PM Canada
Inflation Rate YoY
Aug 2014 2.1% 2.1% 2.1% 2%
2014-10-17 01:30 PM Canada
Inflation Rate YoY
Sep 2014 2.0% 2.1% 2.0% 2.1%
2014-11-21 01:30 PM Canada
Inflation Rate YoY
Oct 2014 2.0% 1.99%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.10 21.60 -17.80 Percent [+]
Inflation Rate Mom 0.10 0.00 2.63 -1.31 Percent [+]
Consumer Price Index CPI 125.80 125.70 125.90 12.10 Index Points [+]
Core Inflation Rate 2.10 2.10 5.40 0.00 Percent [+]
Core Consumer Prices 123.80 123.60 123.80 61.70 Index Points [+]
GDP Deflator 113.10 112.90 113.10 13.00 Index Points [+]
Producer Prices 111.60 111.40 112.50 15.60 Index Points [+]
Producer Prices Change 2.50 2.80 8.70 -0.80 Percent [+]
Export Prices 114.30 114.10 119.20 70.20 Index Points [+]
Import Prices 116.30 116.50 118.20 82.20 Index Points [+]
Food Inflation 2.70 2.20 20.18 -7.14 Percent [+]