Canada's GDP deflator rose 2.5% in the second quarter of 2026, marking the strongest increase since the second quarter of 2022, accelerating from a 1.1% increase in the first quarter of the year. The acceleration was mainly driven by higher export prices, which increased 6.5%, reflecting the impact of higher international oil prices amid the Middle East conflict. Meanwhile, import prices also increased, rising 3.2%, but at a slower pace than export prices. As a result, Canada’s terms of trade improved by 3.3%, indicating that export prices increased more rapidly than import prices during the quarter. source: Statistics Canada
GDP Deflator in Canada averaged 61.23 points from 1961 until 2026, reaching an all time high of 132.80 points in the first quarter of 2026 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 2026.
GDP Deflator in Canada is expected to be 133.77 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 137.68 points in 2027 and 140.84 points in 2028, according to our econometric models.