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

Consumer prices in Canada increased 1.3 percent year-on-year in July of 2016, slowing from a 1.5 percent rise in the previous two months and in line with market expectations. It is the lowest figure in four months as gasoline prices fell while food inflation accelerated. 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
1.30 1.50 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-17 12:30 PM May 1.5% 1.7% 1.6% 1.8%
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 1.3% 1.5%
2016-10-21 12:30 PM Sep 1.6%
2016-11-18 01:30 PM Oct 1.6%

Canada Inflation Rate Slows to 4-Month Low of 1.3%


Consumer prices in Canada increased 1.3 percent year-on-year in July of 2016, easing from a 1.5 percent rise in the previous two months and in line with market expectations. It is the lowest figure in four months as gasoline prices fell while food inflation accelerated.

Year-on-year, the transportation index was down 0.2 percent after rising 1.1 percent in June. Gasoline prices declined more (-14.0 percent) than in June (-8.5 percent). The purchase of passenger vehicles index (+5.4 percent) and the city bus and subway transportation index (+2.1 percent) rose less. Excluding gasoline, inflation came in at 1.9 percent, the same as in June.

The clothing and footwear index decreased 0.4 percent, after posting a 1.2 percent gain in June. This turnaround was partly attributable to a decline in the women's clothing (-0.4 percent), following an increase in June (+2.2 percent). Shoppers also paid less for children's clothing and men's clothing.

In contrast, food prices were up 1.6 percent, after rising 1.3 percent in June. Prices for food purchased in stores increased 1.1 percent, following a 0.8 percent gain the previous month. After registering a 0.3 percent decline in June, meat prices were up 1.1 percent. In addition, the fresh or frozen fish index posted its largest year-over-year increase since April 2014. By contrast, the fresh fruit and fresh vegetables indexes recorded smaller gains in July than in the previous month.

The recreation, education and reading index increased 1.9 percent, following a 1.3 percent gain in June. Consumers paid 5.0 percent more for video and audio subscription services. The travel tours index rose 0.4 percent, after declining 3.4 percent the previous month.

On a monthly basis, consumer prices fell 0.2 percent after rising 0.2 percent in June, dragged down by a 5.6 percent decline in gasoline prices.

Excluding food and energy, consumer prices were down 0.1 percent on the month, following a 0.2 percent rise in June. Year-on-year, prices rose 2.1 percent, the same as in the previous month. 

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
8/19/2016 1:46:34 PM

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.50 21.60 -17.80 percent [+]
Inflation Rate Mom -0.20 0.20 2.60 -1.30 percent [+]
Consumer Price Index CPI 128.90 129.10 129.10 12.10 Index Points [+]
Core Consumer Prices 128.60 128.50 128.60 61.70 Index Points [+]
Core Inflation Rate 2.10 2.10 5.40 0.00 percent [+]
GDP Deflator 112.10 112.40 113.50 13.00 Index Points [+]
Producer Prices 110.00 109.10 112.60 15.60 Index Points [+]
Producer Prices Change -0.80 -1.10 8.70 -2.40 percent [+]
Export Prices 113.10 112.90 119.20 70.20 Index Points [+]
Import Prices 126.80 126.80 131.70 82.20 Index Points [+]
Food Inflation 1.60 1.30 20.18 -7.14 percent [+]
Cpi Transportation 128.90 131.00 133.10 10.90 Index Points [+]




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