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

Consumer prices in Canada increased 1.4 percent year-on-year in October of 2017, following a 1.6 percent rise in the previous month, and matching market expectations. The decline in annual inflation rate was mainly led by a slowdown in prices of gasoline and shelter. Meanwhile, the BoC's annual core inflation, which excludes volatile items, went up to 0.9 percent compared to 0.8 percent in September. 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 Slows to 1.4% in October, Matches Forecasts


Consumer prices in Canada increased 1.4 percent year-on-year in October of 2017, following a 1.6 percent rise in the previous month, and matching market expectations. The decline in annual inflation rate was mainly led by a slowdown in prices of gasoline and shelter. Meanwhile, the BoC's annual core inflation, which excludes volatile items, went up to 0.9 percent compared to 0.8 percent in September.

Transportation prices rose 3 percent on a year-over-year basis in October, following a 3.8 percent increase in September. This deceleration was led by gasoline prices, which advanced 6.5 percent after increasing 14.1 percent the previous month in the aftermath of Hurricane Harvey. At the same time, the purchase of passenger vehicles index rose 1.5 percent month-over-month in October, providing the impetus for the largest year-over-year gain in this index since March 2017.

The shelter index rose 1.2 percent after an increase of 1.4 percent in September.

Consumer prices for food were up 1.3 percent, after rising 1.4 percent in the previous month.

The recreation, education and reading index increased 1.5 percent, following a 2.1 percent gain in September. Prices for travel tours contributed the most to this deceleration, increasing 4.4 percent, after a 7.3 percent gain in September. The recreational services index increased 5.2 percent, following a 14.7 percent gain in September. Meanwhile, prices for digital computing equipment and devices (-4.4%) declined at a slower rate on a year-over-year basis in October than in September.

Consumer prices for household operations, furnishings and equipment rose 0.2 percent, after declining year over year for three consecutive months. Prices for telephone services increased 3.9 percent on a monthly basis, leading to a 0.1 percent year-over-year decline in October, following a 3.1 percent decrease in September. Prices for child care services went up 2.6 percent. Additionally, the tools and other household equipment index recorded a smaller year-over-year increase for the month than was seen in September.

The clothing and footwear index went down 1.5 percent in October 2017, after falling 2.3 percent in the prior month.

On a monthly basis, consumer prices edged up 0.1 percent, following a 0.2 percent increase in September.

Statistics Canada |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/17/2017 2:19:01 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-22 12:30 PM Inflation Rate YoY 1.4% 1.2% 1.5% 1.4%
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 1.4% 1.7%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.60 21.60 -17.80 percent [+]
Inflation Rate Mom 0.10 0.20 2.60 -1.30 percent [+]
Consumer Price Index CPI 130.90 130.80 130.90 12.10 Index Points [+]
Core Consumer Prices 130.00 129.80 130.00 61.70 Index Points [+]
Core Inflation Rate 0.90 0.80 5.40 0.00 percent [+]
GDP Deflator 115.00 115.40 115.40 12.80 Index Points [+]
Producer Prices 112.20 112.50 114.90 15.60 Index Points [+]
Producer Prices Change 1.50 2.30 21.10 -7.20 percent [+]
Export Prices 115.60 116.10 122.00 70.20 Index Points [+]
Import Prices 125.40 128.40 135.30 82.20 Index Points [+]
Food Inflation 1.30 1.40 20.18 -7.14 percent [+]
CPI Housing Utilities 138.60 138.10 138.60 39.10 Index Points [+]
CPI Transportation 133.50 133.20 133.50 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.60 21.60 -17.80 1915 - 2017 percent Monthly
2002=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17