Canada Inflation Rate  1915-2018 | Data | Chart | Calendar | Forecast

Consumer prices in Canada increased 2.1 percent year-on-year in November of 2017, following a 1.4 percent increase in the previous month and above market expectations of 2.0 percent. It is the highest rate since January of 2017, as prices of gasoline and food advanced at a faster pace. Meanwhile, the BoC's annual core inflation, which excludes volatile items, went up to 1.3 percent compared to 0.9 percent in October. Inflation Rate in Canada averaged 3.15 percent from 1915 until 2017, 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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Canada Inflation Rate Rises to 2.1% in November


Consumer prices in Canada increased 2.1 percent year-on-year in November of 2017, following a 1.4 percent gain in the previous month and above market expectations of 2.0 percent. It is the highest rate since January of 2017, as prices advanced at a faster pace for gasoline and food. Meanwhile, the BoC's annual core inflation, which excludes volatile items, went up to 1.3 percent compared to 0.9 percent in October.

Year-on-year, transportation prices rose 5.9 percent in November, following a 3.0 percent rise in October. The gain was mainly driven by gasoline prices, which went up 19.6 percent, after a 6.5 percent increase in the previous month. The rise was partly attributable to higher crude oil prices, as well as a monthly decline one year earlier. In additon, the purchase of passenger vehicles index jumped 3.6 percent compared to a 1.9 percent gain in October, mostly due to the greater availability of new 2018 model year vehicles.

The food index rose 1.6 percent year over year in November from a 1.3 percent increase in October. On a month-over-month basis, the food index advanced 0.8 percent, the largest monthly gain since January of 2016, namely meat (1.9 percent) and fresh vegetable (3.8 percent).

Consumer prices for household operations, furnishings and equipment went up 0.9 percent on a year-over-year basis in November after increasing 0.2 percent in October, mainly driven by growth in the telephone services index (2.3 percent) which was partly attributable to a decline in prices in November 2016, which no longer influences the 12-month movement. Furniture prices rose 1.9 percent month over month, the largest since February 2015.

On a monthly basis, consumer prices edged up 0.3 percent, following a 0.1 percent rise in the prior month..


Statistics Canada | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/21/2017 3:07:32 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-20 12:30 PM Inflation Rate YoY 1.6% 1.4% 1.6% 1.6%
2017-11-17 01:30 PM Inflation Rate YoY 1.4% 1.6% 1.4% 1.6%
2017-12-21 01:30 PM Inflation Rate YoY 2.1% 1.4% 2% 1.3%
2018-01-26 01:30 PM Inflation Rate YoY 2.1% 1.9% 2%
2018-02-23 01:30 PM Inflation Rate YoY 2.10%
2018-03-23 12:30 PM Inflation Rate YoY 2.10%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 1.40 21.60 -17.80 percent [+]
Inflation Rate Mom 0.30 0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 131.30 130.90 131.30 12.10 Index Points [+]
Core Consumer Prices 130.30 130.00 130.30 61.70 Index Points [+]
Core Inflation Rate 1.30 0.90 5.40 0.00 percent [+]
GDP Deflator 115.20 115.20 115.30 12.80 Index Points [+]
Producer Prices 114.80 113.30 114.90 15.60 Index Points [+]
Producer Prices Change 2.70 1.70 21.10 -7.20 percent [+]
Export Prices 119.40 117.60 122.00 70.20 Index Points [+]
Import Prices 130.30 129.20 135.30 82.20 Index Points [+]
Food Inflation 1.60 1.30 20.18 -7.14 percent [+]
CPI Housing Utilities 138.90 138.60 138.90 39.10 Index Points [+]
CPI Transportation 135.70 133.50 135.70 10.90 Index Points [+]


Canada Inflation Rate

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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.40 21.60 -17.80 1915 - 2017 percent Monthly
2002=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.95 Dec/17
Canada 2.10 Nov/17
China 1.80 Dec/17
Euro Area 1.40 Dec/17
France 1.20 Dec/17
Germany 1.70 Dec/17
India 5.21 Dec/17
Indonesia 3.61 Dec/17
Italy 0.90 Dec/17
Japan 0.60 Nov/17
Mexico 6.77 Dec/17
Netherlands 1.30 Dec/17
Russia 2.50 Dec/17
South Korea 1.50 Dec/17
Spain 1.10 Dec/17
Switzerland 0.80 Dec/17
Turkey 11.92 Dec/17
United Kingdom 3.00 Dec/17
United States 2.10 Dec/17


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