Canada GDP deflator remained unchanged in the second quarter of 2025, after a 0.7% increase in the first quarter. The decline in export prices during the quarter was offset by lower import prices and by higher prices for household final consumption expenditures—particularly services—as well as for government final consumption expenditures. source: Statistics Canada

GDP Deflator in Canada averaged 60.42 points from 1961 until 2025, reaching an all time high of 129.30 points in the first quarter of 2025 and a record low of 11.10 points in the second quarter of 1961. This page provides - Canada GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Deflator - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

GDP Deflator in Canada is expected to be 130.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada GDP Deflator is projected to trend around 135.16 points in 2026 and 138.27 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-05-30 12:30 PM
GDP Implicit Price QoQ
Q1 0.6% 0.9% 0.6%
2025-08-29 12:30 PM
GDP Implicit Price QoQ
Q2 0% 0.7% 0.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 164.90 164.40 points Jul 2025
Core Consumer Prices 159.80 159.60 points Jul 2025
Core Inflation Rate YoY 2.60 2.60 percent Jul 2025
CPI Housing Utilities 187.90 187.30 points Jul 2025
CPI Transportation 173.30 172.60 points Jul 2025
Export Prices 137.20 136.60 points Jul 2025
Food Inflation 3.30 2.90 percent Jul 2025
GDP Implicit Price 129.30 129.30 points Jun 2025
Import Prices 136.60 134.60 points Jul 2025
Inflation Rate YoY 1.70 1.90 percent Jul 2025
Inflation Rate MoM 0.30 0.10 percent Jul 2025
Producer Prices 131.20 130.30 points Jul 2025
PPI YoY 2.60 1.90 percent Jul 2025
Raw Materials Prices MoM 144.50 144.10 points Jul 2025

Canada GDP Deflator
In Canada, implicit price indexes are a byproduct of the deflation procedure, obtained by dividing an expenditure series expressed at current prices by the corresponding series expressed at constant prices. For all volume aggregates published in the Economic and Financial Accounts, the implicit price indexes are the chain Fisher price indexes.
Actual Previous Highest Lowest Dates Unit Frequency
129.30 129.30 129.30 11.10 1961 - 2025 points Quarterly
Seasonally Adjusted