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

Canada's consumer price inflation rose to 2.5 percent year-on-year in June 2018 from 2.2 percent in the previous month, and above market expectations of 2.4 percent. It was the highest rate since February 2012, mainly driven by higher prices for gasoline and food purchased from restaurants. Inflation Rate in Canada averaged 3.14 percent from 1915 until 2018, 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 June Inflation Rate at Over 6-Year High


Canada's consumer price inflation rose to 2.5 percent year-on-year in June 2018 from 2.2 percent in the previous month, and above market expectations of 2.4 percent. It was the highest rate since February 2012, mainly driven by higher prices for gasoline and food purchased from restaurants.

Transportation prices jumped 6.6 percent in June (vs 5.6 percent in May), driven by higher energy costs (12.4 percent vs 11.6 percent) particularly gasoline (24.6 percent vs 22.9 percent) as sustained increases in crude oil prices and exchange rate pressures continued to impact consumer prices. Additional upward pressure came from: food (1.4 percent vs 1 percent); shelter (2 percent, the same as in May); recreation, education and reading (0.6 percent vs 1.7 percent); clothing and footwear (1.8 percent vs 0.8 percent); health and personal care (1.5 percent, the same as in May); and alcoholic beverages and tobacco products (4.8 percent vs 4.6 percent).

Meanwhile, prices of household operations, furnishings and equipment edged down 0.1 percent in June, after a 0.3 percent gain in May.

On a seasonally adjusted monthly basis, the CPI rose 0.1 percent in June, the same pace as in May and matching market consensus. Six of eight major components increased: food (0.6 percent); clothing and footwear (0.5 percent); alcoholic beverages and tobacco products (0.5 percent); health and personal care (0.2 percent); shelter (0.1 percent); and transportation (0.1 percent). By contrast, a decline was seen in prices of recreation, education and reading (-0.6 percent) and household operations, furnishings and equipment (-0.3 percent).

The BoC's annual core inflation, which excludes volatile items, stood at 1.3 percent in June, unchanged from the May's rate and below market expectations of 1.4 percent.


Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/20/2018 1:26:42 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-18 12:30 PM Inflation Rate YoY 2.2% 2.3% 2.3% 2.3%
2018-06-22 12:30 PM Inflation Rate YoY 2.2% 2.2% 2.5% 2.4%
2018-07-20 12:30 PM Inflation Rate YoY 2.5% 2.2% 2.4% 2.3%
2018-08-17 12:30 PM Inflation Rate YoY 2.5% 2.2%
2018-09-21 12:30 PM Inflation Rate YoY 2.1%
2018-10-19 12:30 PM Inflation Rate YoY 2.4%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 2.20 21.60 -17.80 percent [+]
Inflation Rate Mom 0.10 0.10 2.60 -1.30 percent [+]
Consumer Price Index CPI 133.60 133.40 133.60 12.10 Index Points [+]
Core Consumer Prices 131.20 131.00 131.20 61.70 Index Points [+]
Core Inflation Rate 1.30 1.30 5.40 0.00 percent [+]
GDP Deflator 116.90 116.60 116.90 12.80 Index Points [+]
Producer Prices 118.50 117.40 118.50 15.60 Index Points [+]
Producer Prices Change 3.10 2.30 21.10 -7.20 percent [+]
Export Prices 124.70 123.60 124.70 70.20 Index Points [+]
Import Prices 134.00 132.20 8964.00 82.20 Index Points [+]
Food Inflation 1.40 1.00 20.18 -7.14 percent [+]
CPI Housing Utilities 140.50 140.40 140.50 39.10 Index Points [+]
CPI Transportation 140.50 139.70 140.50 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.20 21.60 -17.80 1915 - 2018 percent Monthly
2002=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.50 Jun/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.30 Jun/18
Japan 0.70 Jun/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 Jun/18
United States 2.90 Jun/18


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