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

Consumer prices in Canada increased 1.2 percent year-on-year in July of 2017, higher than a 1 percent rise in June and in line with market expectations. Transportation and shelter cost made the highest upward contributions while prices of household operations, furnishings and equipment and clothing and footwear fell. 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 Up to 1.2% in July


Consumer prices in Canada increased 1.2 percent year-on-year in July of 2017, higher than a 1 percent rise in June and in line with market expectations. Transportation and shelter cost made the highest upward contributions while prices of household operations, furnishings and equipment and clothing and footwear fell.

Year-on-year, transportation costs rose 1.9 percent, following a 0.6 percent increase in June. Gasoline prices contributed most to the gain in prices, as well as to their acceleration, rising 4.6 percent after 1.4 percent decline in June. The purchase of passenger vehicles index increased 0.2 percent after declining 0.2 percent. At the same time, passenger vehicle insurance premiums rose at a slower rate.

The shelter index increased 1.3 percent after rising 1.6 percent in June. Homeowners' replacement costs contributed the most to the gain in prices, rising 4.1 percent. Prices for natural gas (+9.7 percent) increased at a slower rate. Meanwhile, the electricity index recorded its largest decrease since April 2003, down 9.1 percent, following a 5.3 percent decline in June. The decline at the national level largely reflected legislated price declines in Ontario.

Consumer prices for food rose 0.6 percent, matching the gain in June.

The health and personal care index increased 2.2 percent, its largest gain since May 2011. This increase is partly attributable to the non-prescribed medicines index, which grew 4.4 percent after a 1.2 percent increase in June.

In July, the household operations, furnishings and equipment index declined on a year-over-year basis for the first time since August 2006, down 0.1 percent. The furniture index contributed the most to this decline, down 2.9 percent. The telephone services index increased 0.1 percent  after rising 2 percent. Prices for household appliances (-2 percent) declined less.

Clothing and footwear prices decreased 0.1 percent after a 1.7 percent decline in June. Prices for men's clothing and women's clothing declined less. At the same time, prices for footwear rose 1.6 percent in July, following a 0.3 percent increase in June.

On a monthly basis, consumer prices were flat after edging down 0.1 percent in June.

The core index rose 0.9 percent on the year, the same as in June and remaining the lowest annual core inflation since February of 2011.


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2017 12:42:52 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-23 12:30 PM Inflation Rate YoY 1.3% 1.6% 1.5% 1.4%
2017-07-21 12:30 PM Inflation Rate YoY 1% 1.3% 1.0% 1.1%
2017-08-18 12:30 PM Inflation Rate YoY 1.2% 1% 1.2% 1.1%
2017-09-22 12:30 PM Inflation Rate YoY 1.2% 1.5% 1.4%
2017-10-20 12:30 PM Inflation Rate YoY 1.6%
2017-11-17 01:30 PM Inflation Rate YoY 1.6%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.00 21.60 -17.80 percent [+]
Inflation Rate Mom 0.00 -0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 130.40 130.40 130.50 12.10 Index Points [+]
Core Consumer Prices 129.60 129.50 129.60 61.70 Index Points [+]
Core Inflation Rate 0.90 0.90 5.40 0.00 percent [+]
GDP Deflator 115.00 115.40 115.40 12.80 Index Points [+]
Producer Prices 111.80 113.50 114.80 15.60 Index Points [+]
Producer Prices Change 1.30 3.30 21.10 -7.20 percent [+]
Export Prices 116.10 119.50 122.00 70.20 Index Points [+]
Import Prices 128.40 133.70 135.30 82.20 Index Points [+]
Food Inflation 0.60 0.60 20.18 -7.14 percent [+]
CPI Housing Utilities 137.70 137.80 137.90 39.10 Index Points [+]
CPI Transportation 131.30 131.80 133.20 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.00 21.60 -17.80 1915 - 2017 percent Monthly
2002=100




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17