Canada Inflation Rate

The inflation rate in Canada was recorded at 2.40 percent in June of 2014. Inflation Rate in Canada averaged 3.21 Percent from 1915 until 2014, 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.

   
 
  LIST  
 EXPORT DATA  API

Canada Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.30 21.60 -17.80 1915 - 2014 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.


Canada Inflation Rate Rises Further


Canadian consumer prices rose 2.4 percent year-on-year in June, following a 2.3 percent increase in the previous month. While prices increased in all major components, cost of shelter, food and transportation contributed the most to the rise.

Shelter costs rose 2.9 percent on a year-over-year basis in June, following a 3.4 percent increase in May. Consumers paid more for natural gas and property taxes in June compared with the same month a year earlier. Prices for electricity rose 4.2 percent in the 12 months to June, a slower increase than in May (+7.0 percent).

Food prices increased 2.9 percent in the 12 months to June, after advancing 2.3 percent in May. Prices for food purchased from stores rose 3.2 percent year over year in June, following a 2.5 percent gain the previous month. Consumers paid 9.4 percent more for meat and 9.5 percent more for fresh vegetables. Prices for food purchased from restaurants increased 2.3 percent on a year-over-year basis.

The transportation index increased 2.2 percent year over year in June, following a 2.7 percent rise in May. Gasoline prices advanced 5.4 percent in the 12 months to June, after increasing 6.3 percent in May. As well, prices for the purchase of passenger vehicles rose 1.6 percent on a year-over-year basis, following a 2.0 percent increase the previous month.

Prices for clothing and footwear rose 1.6 percent in the 12 months to June, after posting a 0.6 percent gain in May. This faster increase was largely attributable to fewer discounts observed this June compared with the same month a year ago.

The index for alcoholic beverages and tobacco products increased 4.1 percent in the 12 months to June. This rise was mainly attributable to a 10.3 percent year-over-year advance in cigarette prices. Quebec's tobacco tax increased in June. Previously in 2014, the federal excise tax on tobacco, as well as the tobacco taxes in Newfoundland and Labrador, Ontario and British Columbia increased.

On a monthly basis, the inflation rate slowed to 0.1 percent in June from 0.5 percent in May.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
7/18/2014 1:41:40 PM


Recent Releases

Canada Inflation Rate Accelerates in May
Canadian consumer prices rose 2.3 percent year-on-year in May of 2014, up from 2 percent in the previous month and reaching the highest rate in 27 months. Energy cost surged 8.4 percent in the 12 months to May, matching the rise in April. Published on 2014-06-20

Canada Inflation Rate Up to 2-Year High
Canadian annual consumer prices rose 2 percent in April of 2014 from 1.5 percent in March, driven by an 8.4 percent surge in energy prices. The inflation rate stands now at the central bank's 2 percent target. Published on 2014-05-23


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-17 01:30 PM Canada
Inflation Rate YoY
Mar 2014 1.5% 1.1% 1.4% 1.31%
2014-05-23 01:30 PM Canada
Inflation Rate YoY
Apr 2014 2.0% 1.5% 2.0% 1.24%
2014-06-20 01:30 PM Canada
Inflation Rate YoY
May 2014 2.3% 2.0% 2.0% 1.1%
2014-07-18 01:30 PM Canada
Inflation Rate YoY
Jun 2014 2.4% 2.3% 2.4% 2.35%
2014-08-22 01:30 PM Canada
Inflation Rate YoY
Jul 2014 2.4% 2.52%


Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.30 21.60 -17.80 Percent [+]
Inflation Rate Mom 0.08 0.48 2.63 -1.31 Percent [+]
Consumer Price Index (CPI) 125.90 125.80 125.90 12.10 Index Points [+]
Core Inflation Rate 1.82 1.73 5.44 0.00 Percent [+]
Core Consumer Prices 123.20 122.90 123.20 61.70 Index Points [+]
GDP Deflator 112.80 111.30 112.80 13.00 Index Points [+]
Producer Prices 111.80 112.40 112.60 15.60 Index Points [+]
Producer Prices Change 3.40 3.90 8.70 -0.80 Percent [+]
Export Prices 113.80 114.00 119.20 70.20 Index Points [+]
Import Prices 116.40 116.50 118.20 82.20 Index Points [+]
Food Inflation 2.90 2.33 20.18 -7.14 Percent [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News