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Canada Inflation Rate

Last Release
Aug 2021
Actual
4.1 %
Forecast
4.3 %
Previous
3.7 %
Frequency
Monthly
Units In
%
Next Release
Oct 20, 2021
Time to Release
1 Days 18 Hours
Highest
Lowest
Average
Date Range
Source
21.6 %
Jun 1920
-17.8 %
Jul 1921
2.79 %1919 - 2021Statistics Canada
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.

Latest Updates

The annual inflation rate in Canada accelerated to 4.1% in August of 2021 from 3.7% in July and compared to market forecasts of 3.9%. It was the highest inflation rate since March of 2003, with upward pressure stemming from an accumulation of recent price pressures and from lower price levels in 2020. Prices rose in seven of the eight major components, with transportation prices (8.7% vs 6.6%), of which gasoline (32.5% vs 30.9%) contributing the most to the overall increase. Conversely, consumers paid less for clothing and footwear (-0.2%). Excluding gasoline, the CPI rose 3.2%, up from 2.8% in July. On a monthly basis, consumer prices went up 0.2%, slowing from a 0.6% rise in the prior month but slightly above market estimates of a 0.1% increase.

Canada Inflation Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 15, 202112:33Canada August Inflation Rate Highest since 2003
Aug 18, 202112:35Canada July Inflation Rate at Over 10-Year High
Jul 28, 202112:37Canada Inflation Rate Slows from 10-Year High
Jan 22, 202013:57Canada Inflation Rate Steady at 2.2% in December
Dec 18, 201913:52Canada November Inflation Rate Rises to 6-Month High
Nov 20, 201914:00Canada October Inflation Rate Steady at 1.9%
Oct 16, 201915:14Canada Inflation Rate Steady at 5-Month Low of 1.9%
DATETIMEEVENTActual
Sep 15, 202112:30Inflation Rate YoY4.1 %
Aug 18, 202112:30Inflation Rate YoY3.7 %
Jul 28, 202112:30Inflation Rate YoY3.1 %
Jun 16, 202112:30Inflation Rate YoY3.6 %
May 19, 202112:30Inflation Rate YoY3.4 %
Apr 21, 202112:30Inflation Rate YoY2.2 %
Mar 17, 202112:30Inflation Rate YoY1.1 %

Canada prices Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Core Inflation Rate
3.5
Aug 2021
3.3
Jul 2021
0
Jun 1984
5.4
Jan 1987
%Monthly1984 - 2021
Cpi Housing Utilities
147.3
Sep 2021
153.9
Aug 2021
39.1
Sep 1978
153.9
Aug 2021
pointsMonthly1978 - 2021
CPI Transportation
140.4
Sep 2021
153.8
Aug 2021
10.9
Apr 1950
153.8
Aug 2021
pointsMonthly1950 - 2021
Consumer Price Index CPI
136.9
Sep 2021
142.6
Aug 2021
12.1
Jan 1950
142.6
Aug 2021
pointsMonthly1950 - 2021
Core Consumer Prices
140.3
Aug 2021
140
Jul 2021
61.7
Jan 1984
140.3
Aug 2021
pointsMonthly1984 - 2021
GDP Deflator
118.9
Jun 2021
116.3
Mar 2021
11.8
Sep 1961
118.9
Jun 2021
pointsQuarterly1961 - 2021

Inflation Rate across North America

Inflation Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Bermuda
0.5
Dec 2019
0.9
Nov 2019
0.3
May 2019
2.6
Oct 2014
%Monthly2014 - 2019
Canada
4.1
Aug 2021
3.7
Jul 2021
-17.8
Jul 1921
21.6
Jun 1920
%Monthly1919 - 2021
Mexico
6
Sep 2021
5.59
Aug 2021
2.13
Dec 2015
179.73
Feb 1988
%Monthly1974 - 2021
Puerto Rico
3.3
Aug 2021
2.9
Jul 2021
-1.7
Jun 2020
8.8
Oct 2005
%Monthly2003 - 2021
United States
5.4
Sep 2021
5.3
Aug 2021
-15.8
Jun 1921
23.7
Jun 1920
%Monthly1919 - 2021

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