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

Consumer prices in Canada increased 1.3 percent year-on-year in May of 2017, easing from a 1.6 percent rise in each of the previous two months and below market expectations of 1.5 percent. It is the lowest inflation rate since November as gasoline prices increased only half of what they rose last month and cost of clothing and footwear fell. Inflation Rate in Canada averaged 3.16 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-21 12:30 PM Mar 1.6% 2% 1.8% 1.8%
2017-05-19 12:30 PM Apr 1.6% 1.6% 1.7% 1.6%
2017-06-23 12:30 PM May 1.3% 1.6% 1.5% 1.4%
2017-07-21 12:30 PM Jun 1.3% 1.8%
2017-08-18 12:30 PM Jul 1.8%
2017-09-22 12:30 PM Aug 1.9%




Canada Inflation Rate At 6-Month Low Of 1.3%


Consumer prices in Canada increased 1.3 percent year-on-year in May of 2017, easing from a 1.6 percent rise in each of the previous two months and below market expectations of 1.5 percent. It is the lowest inflation rate since November as gasoline prices increased only half of what they rose last month and cost of clothing and footwear fell.

Prices were up in six of the eight major components in the 12 months to May, with the shelter and transportation indexes contributing the most to the year-over-year rise in the CPI. The clothing and footwear index and the food index declined on a year-over-year basis.

Shelter costs grew 1.9 percent after increasing 2.2 percent  in April. This deceleration was led by the electricity index (-5.5 percent ), which declined year over year for a fifth consecutive month. The natural gas index rose less in May than in April. Conversely, homeowners' replacement costs were up more in May (+4.4 percent ) than in April (+3.9 percent ).

The transportation index rose 2.2 percent compared with 4.2 percent in April. Gasoline prices contributed the most to this deceleration, up 6.8 percent  after a 15.9 percent  gain in April. The purchase of passenger vehicles index edged up 0.2 percent, marking its smallest year-over-year increase since February 2015. At the same time, the price of air transportation rose more.

The recreation, education and reading index rose 2.5 percent following a 3.3 percent increase in April. The travel tours index was up 6.8 percent  after a 9.4 percent increase in April. Prices for video equipment fell more while the traveller accommodation index rose 6.3 percent  following a 5.7 percent increase in April.

In May, the food index was down 0.1 percent  on a year-over-year basis, following a 1.1 percent decline in April. Prices for food purchased from stores decreased 1.2 percent , with the meat and bakery products indexes contributing the most to the drop. The decline in fresh fruit prices (-1.0 percent ) slowed in May, following a 6.2 percent  decrease in April. Prices for fresh vegetables rose year over year for the first time since August 2016. Meanwhile, prices for food purchased from restaurants posted a 2.4 percent  increase.

On a monthly basis, consumer prices edged up 0.1 percent, below 0.4 percent in April. 

The core index rose also went up 0.1 percent on the month and rose 0.9 percent on the year, below 1.1 percent in April. It is the lowest annual core inflation since February of 2011.


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
6/23/2017 12:48:56 PM



Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.60 21.60 -17.80 percent [+]
Inflation Rate Mom 0.10 0.40 2.60 -1.30 percent [+]
Consumer Price Index CPI 130.50 130.40 130.50 12.10 Index Points [+]
Core Consumer Prices 129.20 129.40 129.40 61.70 Index Points [+]
Core Inflation Rate 0.90 1.10 5.40 0.00 percent [+]
GDP Deflator 115.50 114.30 115.50 13.00 Index Points [+]
Producer Prices 114.70 114.00 114.70 15.60 Index Points [+]
Producer Prices Change 6.30 5.10 21.10 -7.20 percent [+]
Export Prices 121.90 121.20 121.90 70.20 Index Points [+]
Import Prices 134.70 132.90 134.70 82.20 Index Points [+]
Food Inflation -0.10 -1.10 20.18 -7.14 percent [+]
Cpi Housing Utilities 137.70 137.90 137.90 39.10 Index Points [+]
Cpi Transportation 132.30 133.20 133.20 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.60 21.60 -17.80 1915 - 2017 percent Monthly
2002=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17