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

The inflation rate in Canada was recorded at 1.30 percent in July of 2015, slightly below market expectations but higher than 1 percent in June. Yet, it is the highest rate so far this year. 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.

Canada Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 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 Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-19 01:30 PM May 0.9% 0.8% 0.8% 0.77%
2015-07-17 01:30 PM Jun 1% 0.9% 1.0% 0.9%
2015-08-21 01:30 PM Jul 1.3% 1% 1.4% 1.2%
2015-09-18 01:30 PM Aug 1.3% 1.30%
2015-10-16 01:30 PM Sep 1.32%
2015-11-20 01:30 PM Oct 1.36%


Canada Inflation Rate at 7-Month High


Consumer prices in Canada increased 1.3 percent year-on-year in July, slightly below market expectations but up from a 1 percent rise in June. Yet, it is the biggest rate so far this year, boosted by higher cost of food, cars and clothing while gasoline prices fell at a slower pace.

Food prices advanced 3.2 percent in the 12 months to July, following a 3.4 percent increase the previous month, led by meat prices, which rose 6.1 percent, following a 6.6 percent increase in June. Additionally, prices were up for fresh vegetables and fresh fruit. Prices for food purchased from restaurants rose 2.7 percent in the 12 months to July and prices for food purchased from stores were up 3.5 percent.

The clothing and footwear index increased 1.3 percent in the 12 months to July, after rising 0.3 percent the previous month. This acceleration was led by women's clothing, which increased 1.2 percent after decreasing 1.1 percent in June. In addition, the indexes for children's clothing and men's clothing posted larger year-over-year gains in July than in June.

The transportation index declined 1.7 percent in the 12 months to July, after falling 2.6 percent in June. This smaller year-over-year decrease was mainly attributable to gasoline prices, which fell less in the 12 months to July than they did the previous month. Prices for the purchase of passenger vehicles increased 2.5 percent year over year in July, after posting a 2.0 percent rise the previous month.

Annual core inflation accelerated to 2.4 percent from 2.3 percent in June.

On a monthly basis, consumer prices rose 0.1 percent, slowing from a 0.2 percent increase in the previous period. 

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
8/21/2015 1:47:06 PM


Recent Releases

Canada Inflation Rate Edges Up in June
Consumer prices in Canada increased by 1 percent year-on-year in June of 2015, compared to 0.9 percent reported in May, as cost of energy fell at a slower pace and prices of food and shelter increased.
Published on 2015-07-17

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.
Published on 2015-06-19

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.00 21.60 -17.80 percent [+]
Inflation Rate Mom 0.10 0.20 2.60 -1.30 percent [+]
Consumer Price Index CPI 127.30 127.20 127.30 12.10 Index Points [+]
Core Inflation Rate 2.40 2.30 5.40 0.00 percent [+]
Core Consumer Prices 126.10 125.90 126.10 61.70 Index Points [+]
GDP Deflator 112.70 112.30 113.30 13.00 Index Points [+]
Producer Prices 111.60 110.80 112.60 15.60 Index Points [+]
Producer Prices Change 0.10 -0.90 8.70 -2.40 percent [+]
Export Prices 113.70 112.20 119.20 70.20 Index Points [+]
Import Prices 122.40 121.30 122.40 82.20 Index Points [+]
Food Inflation 3.20 3.40 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Aug/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Aug/15 0.20 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.18 Aug/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Aug/15 0.20 25.64 -0.60 percent [+]
Japan 0.20 Jul/15 0.40 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Aug/15 0.70 32.50 0.20 percent [+]
Spain -0.40 Aug/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]