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

The annual inflation rate in Canada stood at 2.2 percent in May of 2018, the same as in the previous month, missing market expectations of 2.5 percent. Higher prices for shelter and transportation were offset by slowing cost of food, household equipment, clothing & footwear. 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.

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Canada Inflation Rate Steady at 2.2% in May

The annual inflation rate in Canada stood at 2.2 percent in May of 2018, the same as in the previous month, missing market expectations of 2.5 percent. Higher prices for shelter and transportation were offset by slowing cost of food, household equipment, clothing & footwear.

Year-on-year, prices advanced faster for shelter (2.0 percent from 1.7 percent in April); transportation (5.6 percent from 4.7 percent), on higher cost of gasoline (22.9 percent from 14.2 percent); and they rebounded for recreation and culture (1.7 percent from -0.2 percent).

Meanwhile, inflation slowed for: food (1.0 percent from 1.8 percent); household operations, furnishings and equipment (0.3 percent from 1.4 percent); clothing & footwear (0.8 percent from 2.2 percent); health (1.5 percent from 1.6 percent) and alcoholic beverages & tobacco (4.6 percent from 4.9 percent).

On a monthly basis, consumer prices edged up 0.1 percent, compared to a 0.3 percent increase in April and market expectations of a 0.3 percent gain.

The BoC's annual core inflation, which excludes volatile items, eased to 1.3 percent from 1.5 percent in April, missing market expectations of 1.4 percent.

Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/22/2018 1:39:22 PM

Recent Releases

Canada Inflation Rate Slows to 2.2%
The annual inflation rate in Canada eased to 2.2 percent in April of 2018 from 2.3 percent in March, which was the highest reading since October of 2014. Figures came below market expectations of 2.3 percent amid a slowdown in gasoline cost and a fall in travel services.
Published on 2018-05-18

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Consumer prices in Canada increased 2.3 percent year-on-year in March of 2018, above 2.2 percent in February and compared to market expectations of 2.4 percent. It is the highest inflation rate since October of 2014, as prices in seven of the eight major components rose, mainly gasoline. Excluding gasoline, inflation was 1.8 percent, the same as in February.
Published on 2018-04-20

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The consumer price inflation in Canada increased to 2.2 percent year-on-year in February of 2018, up from 1.7 percent in the prior month and well above market consensus of 2 percent. It was the highest inflation rate since October of 2014, as prices rose mostly for transportation, especially gasoline and vehicles. Meanwhile, food inflation slowed.
Published on 2018-03-23

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-04-20	12:30 PM	Inflation Rate YoY	2.3%	2.2%	2.4%	1.9%
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		2.2%		2.2%
2018-08-17	12:30 PM	Inflation Rate YoY				2.2%
2018-09-21	12:30 PM	Inflation Rate YoY				2.1%

Canada Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	2.20	2.20	21.60	-17.80	percent	[+]
Inflation Rate Mom	0.10	0.30	2.60	-1.30	percent	[+]
Consumer Price Index CPI	133.40	133.30	133.40	12.10	Index Points	[+]
Core Consumer Prices	131.00	131.20	131.20	61.70	Index Points	[+]
Core Inflation Rate	1.30	1.50	5.40	0.00	percent	[+]
GDP Deflator	116.90	116.60	116.90	12.80	Index Points	[+]
Producer Prices	117.40	116.70	117.40	15.60	Index Points	[+]
Producer Prices Change	2.40	2.40	21.10	-7.20	percent	[+]
Export Prices	123.60	122.80	123.60	70.20	Index Points	[+]
Import Prices	132.20	131.60	8964.00	82.20	Index Points	[+]
Food Inflation	1.80	1.70	20.18	-7.14	percent	[+]
CPI Housing Utilities	140.40	140.30	140.40	39.10	Index Points	[+]
CPI Transportation	139.70	139.50	139.70	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 June of 2018.

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

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inflation rate by Country

Country	Last		Previous	Highest	Lowest
Australia	1.90	Mar/18	1.9	23.9	-1.3	%	Quarterly
Brazil	2.86	May/18	2.76	6821	1.65	%	Monthly
Canada	2.20	May/18	2.2	21.6	-17.8	%	Monthly
China	1.80	May/18	1.8	28.4	-2.2	%	Monthly
Euro Area	1.90	May/18	1.3	5	-0.7	%	Monthly
France	2.00	May/18	1.6	18.8	-0.7	%	Monthly
Germany	2.20	May/18	1.6	11.54	-7.62	%	Monthly
India	4.87	May/18	4.58	12.17	1.54	%	Monthly
Indonesia	3.23	May/18	3.41	82.4	-1.17	%	Monthly
Italy	1.00	May/18	0.5	25.64	-0.6	%	Monthly
Japan	0.70	May/18	0.6	24.9	-2.5	%	Monthly
Mexico	4.51	May/18	4.55	180	2.13	%	Monthly
Netherlands	1.70	May/18	1.1	11.19	-1.3	%	Monthly
Russia	2.40	May/18	2.4	2333	2.2	%	Monthly
South Korea	1.50	May/18	1.6	32.5	0.2	%	Monthly
Spain	2.10	May/18	1.1	28.43	-1.37	%	Monthly
Switzerland	1.00	May/18	0.8	11.92	-1.4	%	Monthly
Turkey	12.15	May/18	10.85	139	-4.01	%	Monthly
United Kingdom	2.40	May/18	2.4	8.5	-0.1	%	Monthly
United States	2.80	May/18	2.5	23.7	-15.8	%	Monthly