The annual inflation rate in Canada rose to 1.9 percent in March 2019 from 1.5 percent in the previous month and matching market expectations. It is the highest inflation rate since December. The transportation index drove headline inflation up, as gasoline prices declined less in March than in February. Inflation Rate in Canada averaged 3.14 percent from 1915 until 2019, 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.

Inflation Rate in Canada is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Canada to stand at 2.10 in 12 months time. In the long-term, the Canada Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

Canada Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-18 01:30 PM Inflation Rate YoY 2% 1.7% 1.7% 1.7%
2019-02-27 01:30 PM Inflation Rate YoY 1.4% 2% 1.5% 1.8%
2019-03-22 12:30 PM Inflation Rate YoY 1.5% 1.4% 1.4% 1.5%
2019-04-17 12:30 PM Inflation Rate YoY 1.9% 1.5% 1.9% 1.7%
2019-05-15 12:30 PM Inflation Rate YoY 1.8%
2019-06-19 12:30 PM Inflation Rate YoY
2019-07-17 12:30 PM Inflation Rate YoY 1.8%



Canada Inflation Rate Hits 3-Month High of 1.9%

The annual inflation rate in Canada rose to 1.9 percent in March 2019 from 1.5 percent in the previous month and matching market expectations. It is the highest inflation rate since December. The transportation index drove headline inflation up, as gasoline prices declined less in March than in February.

Year-on-year, prices rose faster mainly for transport (1.9 percent vs 0.1 percent in February), as downward pressure from gasoline eased (-4.4 percent vs -11.9 percent); shelter (2.7 percent vs 2.4 percent); food (3.6 percent vs 3.2 percent) and household operations, furnishings and equipment (0.5 percent vs 0.2 percent). On the other hand, inflation slowed for recreation, education and reading (0.2 percent vs 1.0 percent); clothing & footwear (1.5 percent vs 1.6 percent); health and personal care (0.2 percent vs 0.6 percent) and alcoholic beverages, tobacco products and recreational cannabis (3.0 percent vs 4.1 percent).

Regarding special aggregates of the CPI, prices for durable goods rose 1.2 percent, after a 0.4 percent increase in the prior month, led by a 3.0 percent increase in the purchase of passenger vehicles index. Also, the price of energy products decreased much less (-1.2 percent vs -5.7 percent). Meanwhile, cost of services slowed to 2.2 percent following a 2.3 percent increase in February.

On a monthly basis, consumer prices increased 0.7 percent, the same pace as in February and in line with market consensus.

The BoC's annual core inflation, which excludes volatile items, rose to 1.6 percent in March from 1.5 percent in the previous month, hitting its highest level since December.


Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/17/2019 1:32:49 PM


News

Canada Annual Inflation Rate Rises to 1.5% in February
The annual inflation rate in Canada rose to 1.5 percent in February 2019 from 1.4 percent in the previous month and above market expectations of 1.4 percent. Prices increased further mainly driven by food and shelter.
Published on 2019-03-22

Canada Annual Inflation Rate at 15-Month Low in January
The annual inflation rate in Canada fell to 1.4 percent in January 2019 from 2.0 percent in the previous month and below market expectations of 1.5 percent. It was the lowest inflation rate since October 2017, mainly due to cost of energy as gasoline prices declined amid an oversupply in the US.
Published on 2019-02-27

Canada Annual Inflation Rate Rises to 2% in December
The annual inflation rate in Canada rose to 2.0 percent in December 2018 from 1.7 percent in the previous month. Figures came above market expectations of 1.7 percent, mainly driven by higher prices of various services, including air transportation, telephone services and travel tours.
Published on 2019-01-18

Canada Annual Inflation Rate at 10-Month Low in November
The annual inflation rate in Canada fell to 1.7 percent in November 2018 from 2.4 percent in the previous month and below market expectations of 1.8 percent. It was the lowest inflation rate since January, mainly due to a slowdown in cost of transportation as gasoline prices declined.
Published on 2018-12-19



Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.50 21.60 -17.80 percent [+]
Inflation Rate Mom 0.70 0.70 2.60 -1.30 percent [+]
Consumer Price Index CPI 135.40 134.50 135.40 12.10 Index Points [+]
Core Consumer Prices 133.10 133.10 133.10 61.70 Index Points [+]
Core Inflation Rate 1.60 1.50 5.40 0.00 percent [+]
GDP Deflator 107.70 108.60 108.60 11.80 Index Points [+]
Producer Prices 117.10 116.70 119.70 15.60 Index Points [+]
Producer Prices Change 1.20 1.00 21.10 -7.20 percent [+]
Export Prices 112.70 107.80 113.20 59.50 Index Points [+]
Import Prices 121.00 120.80 8964.00 73.00 Index Points [+]
Food Inflation 3.60 3.20 20.18 -7.14 percent [+]
CPI Housing Utilities 143.80 143.40 143.80 39.10 Index Points [+]
CPI Transportation 140.60 137.90 142.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.50 21.60 -17.80 1915 - 2019 percent Monthly
2002=100




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.30 Mar/19
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.10 Mar/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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