Canada Inflation Rate  1915-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Canada increased 1.5 percent year-on-year in December of 2016, higher than 1.2 percent in November but below market expectations of 1.7 percent. Higher gasoline and shelter prices were the main contributors to the rise while food cost fell the most since July of 1992. Inflation Rate in Canada averaged 3.16 percent from 1915 until 2016, 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.

Canada Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-18 01:30 PM Oct 1.5% 1.3% 1.5% 1.3%
2016-12-22 01:30 PM Nov 1.2% 1.5% 1.4% 1.5%
2017-01-20 01:30 PM Dec 1.5% 1.2% 1.7% 1.4%
2017-02-24 01:30 PM Jan 1.5% 1.5%
2017-03-24 12:30 PM Feb 1.6%
2017-04-21 12:30 PM Mar 1.7%




Canada Inflation Rate Rises To 1.5% In December


Consumer prices in Canada increased 1.5 percent year-on-year in December of 2016, higher than 1.2 percent in November but below market expectations of 1.7 percent. Higher gasoline and shelter prices were the main contributors to the rise while food cost fell the most since July of 1992.

Year-on-year, the transportation index rose for the fifth consecutive month, up 3 percent in December, after a 1.4 percent gain in November. This increase was led by gasoline prices (5.5 percent following a 1.7 percent decline in November). Meanwhile, air transportation index registered its largest year-over-year gain since August 2013. In contrast, the purchase of passenger vehicles index rose less (2.6 percent from 3 percent).

The clothing and footwear index increased 0.2 percent, following a 1.2 percent decline in November, partly due to the women's clothing index, up 2.0 percent after decreasing 0.2 percent. Additionally, prices for footwear were flat after declining 1.7 percent the previous month. Meanwhile, the children's clothing index (-4.5 percent) posted a year-over–year decrease for the eighth consecutive month.

Consumers paid 1.3 percent less for food. Cost for food purchased from stores decreased 2.8 percent, with the fresh vegetables, fresh fruit, and cereal products indexes contributing most to the decline. In contrast, prices for fish, seafood and other marine products, and prices for sugar and confectionery rose. Prices for food purchased from restaurants were up 2.3 percent, following a 2.5 percent gain in November.

On a monthly basis, consumer prices fell 0.2 percent after declining 0.4 percent in November.

Excluding food and energy, consumer prices fell 0.3 percent on the month and rose 1.6 percent on the year.


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
1/20/2017 1:51:41 PM



Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.20 21.60 -17.80 percent [+]
Inflation Rate Mom -0.20 -0.40 2.60 -1.30 percent [+]
Consumer Price Index CPI 128.40 128.60 129.10 12.10 Index Points [+]
Core Consumer Prices 128.90 128.70 128.90 61.70 Index Points [+]
Core Inflation Rate 1.60 1.50 5.40 0.00 percent [+]
GDP Deflator 113.10 112.40 113.60 13.00 Index Points [+]
Producer Prices 111.50 111.20 112.60 15.60 Index Points [+]
Producer Prices Change 1.40 0.80 8.70 -2.40 percent [+]
Export Prices 117.20 116.50 119.20 70.20 Index Points [+]
Import Prices 131.50 129.70 131.70 82.20 Index Points [+]
Food Inflation -1.30 -0.70 20.18 -7.14 percent [+]
Cpi Transportation 129.40 128.10 133.10 10.90 Index Points [+]



Canada Inflation Rate Notes

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 - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.20 21.60 -17.80 1915 - 2016 percent Monthly
2002=100



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