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

The inflation rate in Canada was recorded at 0.80 percent in April 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
0.80 1.20 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 Saturday, May 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-20 12:30 PM Feb 1.0% 1.0% 1.0% 1.25%
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 0.8% 1.7%
2015-07-17 01:30 PM Jun 1.72%
2015-08-21 01:30 PM Jul 1.72%


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.

Compared to April 2014, the energy index decreased 13.5 percent, following a 10.4 percent decline in March.

The natural gas index was down 14.6 percent, following a 0.4 percent increase the previous month. This deceleration was primarily attributable to a price decline in Ontario.

Gasoline prices were down 21.0 percent, after registering a 19.2 percent decline in March. In addition, fuel oil prices decreased 20.0 percent, following a 15.2 percent drop in March.

Prices rose in seven of the eight major components. The rise in the CPI was led by higher prices for food. The shelter index, which includes natural gas and fuel oil, also increased in the 12 months to April, although at a slower pace than in March. The transportation index was the only major component to post a decline.

Consumers paid 3.6 percent more for food products. Prices for food purchased from stores were up 4.0 percent, led by an 11.2 percent increase in meat prices. A 4.3 percent rise in prices for fresh vegetables also contributed to the increase in food prices. Prices for food purchased from restaurants rose 2.7 percent.

The shelter index posted a 0.5 percent, following a 1.4 percent rise the previous month. It was the lowest since March 2010. The smaller increase in April compared with the previous month was mainly attributable to the decline in the natural gas index. In addition, the mortgage interest cost index was down 0.9 percent, following a 0.7 percent decrease in March.

The transportation index declined 4.2 percent, following a 3.9 percent decrease in March. For the sixth consecutive month, the year-over-year decrease in the transportation index was mainly attributable to lower gasoline prices. Prices for the purchase of passenger vehicles increased 1.4 percent, following a 1.8 percent rise the previous month.

Prices for clothing and footwear increased 1.3 percent, after recording a 2.6 percent gain the previous month.

On a seasonally adjusted monthly basis, the CPI decreased 0.1 percent in April, following a 0.3 percent rise in March. The largest decline was recorded by the recreation, education and reading index, which fell 0.6 percent. The seasonally adjusted index for clothing and footwear (-0.3 percent) also declined.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/22/2015 1:46:13 PM


Recent Releases

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 1.20 21.60 -17.80 percent [+]
Inflation Rate Mom -0.10 0.70 2.60 -1.30 percent [+]
Consumer Price Index CPI 126.20 126.30 126.30 12.10 Index Points [+]
Core Inflation Rate 2.30 2.40 5.40 0.00 percent [+]
Core Consumer Prices 125.20 125.20 125.20 61.70 Index Points [+]
GDP Deflator 112.20 112.80 113.40 13.00 Index Points [+]
Producer Prices 109.60 110.60 112.60 15.60 Index Points [+]
Producer Prices Change -2.40 -1.80 8.70 -2.40 percent [+]
Export Prices 113.30 114.90 119.20 70.20 Index Points [+]
Import Prices 122.50 121.80 122.50 82.20 Index Points [+]
Food Inflation 3.60 3.80 20.18 -7.14 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.17 Apr/15 8.13 6821.31 1.65 percent [+]
Canada 0.80 Apr/15 1.20 21.60 -17.80 percent [+]
China 1.50 Apr/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.00 Apr/15 -0.10 5.00 -0.70 percent [+]
France 0.10 Apr/15 -0.10 18.80 -0.70 percent [+]
Germany 0.50 Apr/15 0.30 11.54 -7.62 percent [+]
India 4.87 Apr/15 5.25 11.16 4.38 percent [+]
Indonesia 6.79 Apr/15 6.38 82.40 -1.17 percent [+]
Italy 0.20 May/15 -0.10 25.64 -0.60 percent [+]
Japan 0.60 Apr/15 2.30 25.00 -2.52 percent [+]
Mexico 3.06 Apr/15 3.14 179.73 2.91 percent [+]
Netherlands 0.60 Apr/15 0.38 11.19 -1.30 percent [+]
Russia 16.40 Apr/15 16.90 2333.30 3.60 percent [+]
South Korea 0.40 Apr/15 0.40 32.50 0.20 percent [+]
Spain -0.20 May/15 -0.60 28.43 -1.37 percent [+]
Switzerland -1.10 Apr/15 -0.90 11.92 -1.37 percent [+]
Turkey 7.91 Apr/15 7.61 138.71 -4.01 percent [+]
United Kingdom -0.10 Apr/15 0.00 8.50 -0.10 percent [+]
United States -0.20 Apr/15 -0.10 23.70 -15.80 percent [+]