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

The inflation rate in Canada was recorded at 1 percent in January 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 1.50 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 Sunday, March 1, 2015.


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.

Gasoline prices fell 26.9 percent in the 12 months to January, after declining 16.6 percent in December. As a result, transportation costs declined 5.3 percent, for the third consecutive month. Conversely, consumers paid 1.2 percent more for the purchase of passenger vehicles on a year-over-year basis.

Excluding gasoline, the CPI increased 2.4 percent on a year-over-year basis in January, following a 2.3 percent rise the previous month.

Food prices advanced 4.6 percent on a year-over-year basis in January, the largest gain since November 2011. Prices for food purchased from stores were up 5.4 percent, following a 4.2 percent rise the previous month. Prices for both fresh fruit and fresh vegetables posted higher year-over-year increases in January than in December. Consumers paid 2.8 percent more for food purchased from restaurants in January compared with the same month in 2014.

The shelter index rose 2.0 percent in the 12 months to January, following a 2.4 percent gain in December. Natural gas prices increased 13.9 percent, after recording a 16.5 percent rise the previous month. In contrast, prices for fuel oil declined 21.1 percent in January compared with the same month a year earlier.

Among provinces, the largest decline was in Prince Edward Island (-1.9 percent), while the smallest was in New Brunswick (-0.2 percent). On the other hand, Ontario's CPI rose 1.6 percent in the 12 months to January, the largest increase among the provinces. 

In all provinces, gasoline prices fell more on a year-over-year basis in January than in the previous month.
On a monthly basis and before seasonal adjustment, the gasoline price index fell 12.4 percent in January. Between June 2014 and January 2015, gasoline prices decreased 33.9 percent. In January, the gasoline price index was at its lowest level since April 2009.

On a seasonally adjusted monthly basis, the CPI decreased 0.2 percent in January, matching the declines in December and November. 

Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/26/2015 2:02:40 PM


Recent Releases

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

Canada Inflation Rate Slows in November
Canadian annual inflation rate eased to 2 percent in November of 2014 from 2.4 percent in October. Gasoline prices fell 5.9 percent, reaching the lowest level since early 2011. Published on 2014-12-19


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-19 01:30 PM
Inflation Rate YoY  Nov
2.0% 2.4% 2.2% 2.31%
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% 1.25%
2015-04-17 01:30 PM
Inflation Rate YoY  Mar
1.17%
2015-05-22 01:30 PM
Inflation Rate YoY  Apr
1.71%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.50 21.60 -17.80 percent [+]
Inflation Rate Mom -0.20 -0.70 2.60 -1.30 percent [+]
Consumer Price Index CPI 124.30 124.50 125.90 12.10 Index Points [+]
Core Inflation Rate 2.20 2.20 5.40 0.00 percent [+]
Core Consumer Prices 124.60 124.30 124.60 61.70 Index Points [+]
GDP Deflator 113.50 113.00 113.50 13.00 Index Points [+]
Producer Prices 108.50 110.30 112.60 15.60 Index Points [+]
Producer Prices Change -0.50 1.90 8.70 -0.80 percent [+]
Export Prices 111.90 113.60 119.20 70.20 Index Points [+]
Import Prices 118.50 118.70 118.90 82.20 Index Points [+]
Food Inflation 4.60 3.70 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 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]