Canada Inflation Rate 1915-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Canada was recorded at 0.90 percent in May of 2015. Inflation Rate in Canada averaged 3.19 percent from 1915 until 2015, 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.

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Canada Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 21.60 -17.80 1915 - 2015 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, July 8, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-17 01:30 PM Mar 1.2% 1.0% 1.0% 0.9%
2015-05-22 01:30 PM Apr 0.8% 1.2% 1.0% 1.21%
2015-06-19 01:30 PM May 0.9% 0.8% 0.8% 0.77%
2015-07-17 01:30 PM Jun 0.9% 1.03%
2015-08-21 01:30 PM Jul 1.07%
2015-09-18 01:30 PM Aug 1.14%


Canada Inflation Rate Edges Up in May


Consumer prices in Canada increased by 0.9 percent year-on-year in May of 2015, compared to 0.8 percent reported in April. While food cost accelerated the most, energy prices continued to fall.

Compared to May 2014, consumers paid 3.8 percent more for food. While prices for food purchased from stores were up 4.1 percent, prices for food purchased from restaurants rose 2.9 percent, their largest increase since December 2011.

The recreation, education, and reading index rose 1.9 percent. Prices for traveller accommodation were up 7.5 percent while the travel tours index posted a 0.3 percent decline.

Prices for clothing and footwear were up 0.5 percent, as women's clothing cost went up 0.4 percent.

The transportation index declined 3.5 percent, as gasoline prices remained lower than last year. In contrast, prices for the purchase of passenger vehicles increased 1.8 percent.

Excluding energy, the CPI increased 2.2 percent compared to a year earlier. The energy index decreased 11.8 percent, led by gasoline prices (-17.4 percent).

On a monthly basis, the CPI increased 0.6 percent in May, following a 0.1 percent fall last month. The largest increase was recorded in recreation, education and reading index, which rose 2.0 percent. Transportation cost increased 1.1 percent, while the food index was up 1.0 percent.

Statistics Canada | joana.ferreira@tradingeconomics.com
6/19/2015 3:11:16 PM


Recent Releases

Canada Inflation Rate At 18-Month Low in April
Consumer prices in Canada increased by 0.8 percent year-on-year in April of 2015, down from 1.2 percent reported in the previous month, mainly due to lower energy prices. The increase in April was the smallest since October 2013.
Published on 2015-05-22

Canada Inflation Rate Edges Up in March
Consumer prices in Canada increased by 1.2 percent year-on-year in March of 2015, up from 1 percent reported in the previous month, as cost increased in seven of the eight major components of the CPI.
Published on 2015-04-17

Canada Inflation Rate Steady at 1% in February
Consumer prices in Canada increased by 1 percent year-on-year in February of 2015, the same rate as in the previous month as gasoline prices fell at a slower pace.
Published on 2015-03-20

Canada Inflation At 14-Month Low in January
Consumer prices in Canada increased 1 percent year-on-year in January of 2015, down from a 1.5 percent rise in the previous month, as gasoline prices continued to fall.
Published on 2015-02-26


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 0.90 0.80 21.60 -17.80 percent [+]
Inflation Rate Mom 0.60 -0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 126.90 126.20 126.90 12.10 Index Points [+]
Core Inflation Rate 2.20 2.30 5.40 0.00 percent [+]
Core Consumer Prices 125.50 125.20 125.50 61.70 Index Points [+]
GDP Deflator 112.20 112.80 113.40 13.00 Index Points [+]
Producer Prices 110.10 109.60 112.60 15.60 Index Points [+]
Producer Prices Change -1.30 -2.40 8.70 -2.40 percent [+]
Export Prices 111.00 112.90 119.20 70.20 Index Points [+]
Import Prices 121.00 122.30 122.30 82.20 Index Points [+]
Food Inflation 3.80 3.60 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.30 Jun/15 15.80 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.00 Jun/15 -1.20 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]