GDP Deflator in Canada increased to 118.90 points in the second quarter of 2021 from 116.30 points in the first quarter of 2021. source: Statistics Canada

GDP Deflator in Canada averaged 59.76 points from 1961 until 2021, reaching an all time high of 118.90 points in the second quarter of 2021 and a record low of 11.80 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 October of 2021.

GDP Deflator in Canada is expected to be 117.08 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 120.00 points in 2022 and 122.28 points in 2023, according to our econometric models.

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Canada GDP Deflator

Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 12:30 PM Q1 2.9% 1.3% 0.4%
2021-08-31 12:30 PM Q2 2.2% 3%

Canada Last Unit Reference Previous Highest Lowest
Inflation Rate 4.40 percent Sep/21 4.10 21.60 -17.80
Inflation Rate Mom 0.20 percent Sep/21 0.20 2.60 -1.30
Consumer Price Index CPI 142.90 points Sep/21 142.60 142.90 12.10
Core Inflation Rate 3.70 percent Sep/21 3.50 5.40 0.00
Core Consumer Prices 140.70 points Sep/21 140.30 140.70 61.70
GDP Deflator 118.90 points Jun/21 116.30 118.90 11.80
Producer Prices 115.90 points Sep/21 114.80 115.90 13.30
Producer Prices Change 15.00 percent Sep/21 14.70 21.46 -7.14
Export Prices 127.40 points Aug/21 127.70 127.70 62.60
Import Prices 130.00 points Aug/21 127.70 8964.00 75.90
Food Inflation 3.90 percent Sep/21 2.70 20.18 -7.14
CPI Transportation 153.20 points Sep/21 153.80 153.80 10.90
CPI Housing Utilities 154.40 points Sep/21 153.90 154.40 39.10
Wholesale Prices 124.60 points Aug/21 127.60 130.70 38.50

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.