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

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, mainly driven by rising prices of transportation. Inflation Rate in Canada averaged 3.15 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Canada Inflation Rate Highest Since 2014


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.

The main upward contributors to the 12-month change in February included gasoline (+12.6 percent from +7.8 percent in January) and purchase of passenger vehicles (+2.5 percent from +1.4 percent), mainly due to lower rebates on 2018 model-year vehicles.

Higher prices for services also contributed to the increase in the CPI. In February, consumers paid more on a year-over-year basis for travel tours (+2.2 percent) and Internet access services (+5.2 percent). The mortgage interest cost index rose 2.3 percent, reflecting, in part, recent interest rate increases. These gains in service prices were moderated by lower traveller accommodation (-4.8 percent) costs.

Meanwhile, food prices rose 2.1 percent in February compared to a 2.3 percent gain in the previous month.

On a monthly basis, consumer prices were up 0.6 percent, compared to a 0.7 percent increase in January and slightly above forecasts of a 0.5 percent gain.

The BoC's annual core inflation, which excludes volatile items, rose to 1.5 percent from 1.2 percent in January, reaching the highest in a year.


Statistics Canada | Luisa Carvalho |
3/23/2018 1:30:27 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-26 01:30 PM Inflation Rate YoY 1.9% 2.1% 1.9% 2%
2018-02-23 01:30 PM Inflation Rate YoY 1.7% 1.9% 1.4% 1.9%
2018-03-23 12:30 PM Inflation Rate YoY 2.2% 1.7% 2% 1.7%
2018-04-20 12:30 PM Inflation Rate YoY 2.2% 1.9%
2018-05-18 12:30 PM Inflation Rate YoY 2%
2018-06-22 12:30 PM Inflation Rate YoY 2%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 1.70 21.60 -17.80 percent [+]
Inflation Rate Mom 0.60 0.70 2.60 -1.30 percent [+]
Consumer Price Index CPI 132.50 131.70 132.50 12.10 Index Points [+]
Core Consumer Prices 131.20 130.80 131.20 61.70 Index Points [+]
Core Inflation Rate 1.50 1.20 5.40 0.00 percent [+]
GDP Deflator 116.60 115.20 116.60 12.80 Index Points [+]
Producer Prices 115.20 114.70 115.20 15.60 Index Points [+]
Producer Prices Change 2.00 2.30 21.10 -7.20 percent [+]
Export Prices 122.60 121.90 122.60 70.20 Index Points [+]
Import Prices 129.30 130.40 8964.00 82.20 Index Points [+]
Food Inflation 2.10 2.30 20.18 -7.14 percent [+]
CPI Housing Utilities 140.00 139.70 140.00 39.10 Index Points [+]
CPI Transportation 137.70 137.20 137.70 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 March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.70 21.60 -17.80 1915 - 2018 percent Monthly
2002=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.84 Feb/18
Canada 2.20 Feb/18
China 2.90 Feb/18
Euro Area 1.10 Feb/18
France 1.20 Feb/18
Germany 1.40 Feb/18
India 4.44 Feb/18
Indonesia 3.18 Feb/18
Italy 0.50 Feb/18
Japan 1.50 Feb/18
Mexico 5.34 Feb/18
Netherlands 1.20 Feb/18
Russia 2.20 Feb/18
South Korea 1.40 Feb/18
Spain 1.10 Feb/18
Switzerland 0.60 Feb/18
Turkey 10.26 Feb/18
United Kingdom 2.70 Feb/18
United States 2.20 Feb/18


Related

Latest