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

The inflation rate in Canada was recorded at 1 percent in February of 2015. Inflation Rate in Canada averaged 3.20 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.

      Forecast    
Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.00 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 Thursday, April 2, 2015.


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.

Gasoline prices fell 21.8 percent in the 12 months to February, after declining 26.9 percent in January. As a result, transportation costs declined 5 percent, for the fourth consecutive month. Conversely, consumers paid 1.2 percent more for the purchase of passenger vehicles on a year-over-year basis. In addition to paying lower prices for gasoline on a year-over-year basis in February, consumers paid 1.0 percent less for the purchase of passenger vehicles. February marked the first year-over-year decrease in the purchase of passenger vehicles index since May 2013.

Excluding gasoline, the CPI increased 2.2 percent on a year-over-year basis in February, following a 2.4 percent rise the previous month.

Food prices advanced 3.9 percent in the 12 months to February. Prices for food purchased from stores were up 4.3 percent on a year-over-year basis in February, after rising 5.4 percent the previous month. Price gains for meat (+12.4 percent), fresh vegetables (+8.4 percent) and fresh fruit (+3.5 percent) contributed the most to the February increase, although these gains were smaller than in January. Prices for food purchased from restaurants rose 2.8 percent year over year in February.

The shelter index rose 1.8 percent on a year-over-year basis in February. Natural gas prices increased 10.8 percent in the 12 months to February, while the cost of homeowners' home and mortgage insurance rose 8.6 percent. Consumers also paid 3.8 percent more for electricity. In contrast, prices for fuel oil declined 23.4 percent in February compared with the same month a year earlier.

Among provinces, the largest decline was in Prince Edward Island (-1.5 percent), while the smallest was in Newfoundland and Labrador (-0.1 percent). In addition to lower prices for gasoline, year-over-year declines in the cost of fuel oil were a notable factor in the Atlantic provinces. Fuel oil is a key source of energy for heating in these provinces and carries a larger basket weight than at the national level.

On the other hand, Ontario’s CPI rose 1.3 percent in the 12 months to February, the highest increase among provinces.

On a seasonally adjusted monthly basis, the CPI increased 0.9 percent in February, the first rise in four months. 

Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/20/2015 12:51:11 PM


Recent Releases

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 Inflation Rate Slows to 1.5%
Consumer prices in Canada increased 1.5 percent year-on-year in December, down from 2 percent rise reported in the previous month due to a sharp drop in cost of gasoline. Published on 2015-01-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-23 01:30 PM
Inflation Rate YoY  Dec
1.5% 2.0% 1.5% 1.6%
2015-02-26 01:30 PM
Inflation Rate YoY  Jan
1.0% 1.5% 0.7% 0.6%
2015-03-20 12:30 PM
Inflation Rate YoY  Feb
1.0% 1.0% 1.0% 1.25%
2015-04-17 01:30 PM
Inflation Rate YoY  Mar
1.0% 1.17%
2015-05-22 01:30 PM
Inflation Rate YoY  Apr
1.71%
2015-06-19 01:30 PM
Inflation Rate YoY  May
1.7%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.00 21.60 -17.80 percent [+]
Inflation Rate Mom 0.90 -0.20 2.60 -1.30 percent [+]
Consumer Price Index CPI 125.40 124.30 125.90 12.10 Index Points [+]
Core Inflation Rate 2.10 2.20 5.40 0.00 percent [+]
Core Consumer Prices 124.70 124.60 124.70 61.70 Index Points [+]
GDP Deflator 112.70 113.40 113.40 13.00 Index Points [+]
Producer Prices 110.20 108.30 112.60 15.60 Index Points [+]
Producer Prices Change -1.60 -2.20 8.70 -2.20 percent [+]
Export Prices 111.90 111.80 119.20 70.20 Index Points [+]
Import Prices 119.10 118.60 119.10 82.20 Index Points [+]
Food Inflation 3.90 4.60 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.70 Feb/15 7.14 6821.31 1.65 percent [+]
Canada 1.00 Feb/15 1.00 21.60 -17.80 percent [+]
China 1.40 Feb/15 0.80 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.30 Feb/15 -0.40 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.37 Feb/15 5.19 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.00 Feb/15 3.07 179.73 2.91 percent [+]
Netherlands 0.14 Feb/15 0.00 11.19 -1.30 percent [+]
Russia 16.70 Feb/15 15.00 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.80 Feb/15 -0.50 11.92 -1.37 percent [+]
Turkey 7.55 Feb/15 7.24 138.71 -4.01 percent [+]
United Kingdom 0.00 Feb/15 0.30 8.50 0.00 percent [+]
United States 0.00 Feb/15 -0.10 23.70 -15.80 percent [+]