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

The inflation rate in Canada fell to 2.8 percent in August of 2018 from 3 percent in July, which was the highest inflation rate since September of 2011. Figures came in line with market expectations. The transportation index slowed but remained the largest contributor to the year-over-year increase in consumer prices. 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 Inflation Rate Down to 2.8%


The inflation rate in Canada fell to 2.8 percent in August of 2018 from 3 percent in July, which was the highest inflation rate since September of 2011. Figures came in line with market expectations amid a slowdown in cost of gasoline, utilities and shelter.

Year-on-year, all eight major components rose, with transportation (7.2 percent compared to 8.1 percent in July) making the largest contribution.

Prices for non-durable goods (3.8 percent) increased at a more moderate pace in August than in July (4.4 percent). Prices slowed for gasoline (19.9 percent compared to 25.4 percent in July) and water, fuel and electricity (2.2 percent compared to 3 percent).

Cost also rose less for shelter (2.3 percent compared to 2.4 percent) and services (3.1 percent compared to 3.2 percent). Month-over-month decreases in the cost of travel tours and air transportation, which reflect the winding down of the summer travel season, were larger in August 2018 than in August 2017. This was attributable to smaller seasonal increases in July 2017 during celebrations related to Canada's 150th birthday.

On the other hand, prices rose faster for durable goods (1.1 percent compared to 0.8 percent), namely the purchase of passenger vehicles (2.3 percent compared to 2 percent). The gain was largely attributable to the greater availability of 2019 model-year vehicles compared with the same month last year. Additional upward pressure came from cost of household operations, furnishings and equipment (0.8 percent compared to 0.7 percent); recreation, education and reading (1.9 percent compared to 1.8 percent); food (1.6 percent compared to 1.4 percent); health and personal care (1.4 percent compared to 1.1 percent); and alcoholic beverages and tobacco products (4.6 percent compared to 4.5 percent). Inflation for clothing and footwear was flat at 0.5 percent.

On a seasonally adjusted monthly basis, the CPI rose 0.1 percent in August, following a 0.5 percent increase in July. Seven of eight major components increased, while the clothing and footwear index was unchanged.

The BoC's annual core inflation, which excludes volatile items, went up to 1.7 percent from 1.6 percent in July and higher than market expectations of 1.3 percent.


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
9/21/2018 12:54:14 PM



Calendar GMT Actual Previous Consensus TEForecast
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 3% 2.5% 2.5% 2.4%
2018-09-21 12:30 PM Inflation Rate YoY 2.8% 3% 2.8% 2.8%
2018-10-19 12:30 PM Inflation Rate YoY 2.8% 2.6%
2018-11-23 01:30 PM Inflation Rate YoY 2.6%
2018-12-19 01:30 PM Inflation Rate YoY 2.4%


Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 3.00 21.60 -17.80 percent [+]
Inflation Rate Mom -0.10 0.50 2.60 -1.30 percent [+]
Consumer Price Index CPI 134.20 134.30 134.30 12.10 Index Points [+]
Core Consumer Prices 131.90 131.70 131.90 61.70 Index Points [+]
Core Inflation Rate 1.70 1.60 5.40 0.00 percent [+]
GDP Deflator 117.60 117.00 117.60 12.80 Index Points [+]
Producer Prices 119.40 119.60 119.60 15.60 Index Points [+]
Producer Prices Change 6.60 5.30 21.10 -7.20 percent [+]
Export Prices 128.10 126.60 128.10 70.20 Index Points [+]
Import Prices 138.70 137.30 8964.00 82.20 Index Points [+]
Food Inflation 1.60 1.40 20.18 -7.14 percent [+]
CPI Housing Utilities 141.20 141.00 141.20 39.10 Index Points [+]
CPI Transportation 141.30 142.00 142.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.00 21.60 -17.80 1915 - 2018 percent Monthly
2002=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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