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Canada Inflation Rate

Last Release
Dec 31, 2022
Actual
6.3
Units In
%
Previous
6.8
Frequency
Monthly
Next Release
Feb 21, 2023
Time to Release
20 Days 6 Hours
Highest
Lowest
Average
Date Range
Source
21.6
Jun 1920
-17.8
Jun 1921
3.14 %1915-2022Statistics 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

Canada’s annual inflation rate fell to 6.3% in December of 2022, the least since February 2022 and below market expectations of 6.4%, compared to the 6.8% in November and further declining from the 1983-high of 8.1% from June. Price growth fell sharply for transportation (6% vs 8.5% in November), as lower crude oil benchmarks worldwide eased inflation for gasoline (3% vs 13.7%), and fuel and other fuels (52% vs 73.4%). Prices also decelerated for shelter (7% vs 7.2%), as the decline in homeowners’ replacement inflation offset the increase in mortgage costs. Costs also eased for food (10.1% vs 10.3%), due to lower prices in grocery stores (11% vs 11.4%). On a monthly basis, the Canadian CPI declined by 0.6%, the most since April 2020.

Canada Inflation Rate History

Last 12 readings

Canada Prices Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
CPI Transportation
164.2
Dec 2022
168.6
Nov 2022
10.9
Jan 1950
176.2
Jun 2022
PointsMonthly1950-2022
Commodity Prices YoY
7.5
Dec 2022
7.9
Nov 2022
-34.8
Jul 2009
56.1
Apr 2021
%Monthly1982-2022
Consumer Price Index CPI
153.1
Dec 2022
154
Nov 2022
12.1
Jan 1950
154
Nov 2022
PointsMonthly1950-2022
Core Consumer Prices
149.2
Dec 2022
149.7
Nov 2022
61.7
Jan 1984
149.7
Oct 2022
PointsMonthly1984-2022
Core Inflation Rate
5.4
Dec 2022
5.8
Nov 2022
0.16
Aug 1984
6.2
Jun 2022
%Monthly1984-2022
Cpi Housing Utilities
167.8
Dec 2022
167.2
Nov 2022
39.1
Sep 1978
167.8
Dec 2022
PointsMonthly1978-2022
Cpi Median
5
Dec 2022
5.1
Nov 2022
0.9
Nov 1997
5.1
Nov 2022
%Monthly1990-2022
Cpi Trimmed-mean
5.3
Dec 2022
5.4
Nov 2022
0.8
Dec 1997
5.5
Jun 2022
%Monthly1990-2022
Export Prices
148.1
Nov 2022
151.5
Oct 2022
62.6
Sep 1991
158.9
Jun 2022
PointsMonthly1986-2022
Food Inflation
10.1
Dec 2022
10.3
Nov 2022
-7.14
Dec 1952
20.18
Jul 1978
%Monthly1951-2022
GDP Deflator
128.4
Sep 2022
130.2
Jun 2022
11.8
Mar 1961
130.2
Jun 2022
PointsQuarterly1961-2022
Import Prices
151.8
Nov 2022
152.1
Oct 2022
75.9
Jul 1988
8,964
Nov 1985
PointsMonthly1971-2022
Inflation Rate
6.3
Dec 2022
6.8
Nov 2022
-17.8
Jun 1921
21.6
Jun 1920
%Monthly1915-2022
Inflation Rate Mom
-0.6
Dec 2022
0.1
Nov 2022
-1.3
Jun 1959
2.6
Jan 1991
%Monthly1950-2022
Producer Price Inflation MoM
-1.1
Dec 2022
-0.4
Nov 2022
-2.9
Nov 2008
3.8
Jan 1980
N/A1956-2022
Producer Prices
127.2
Dec 2022
128.6
Nov 2022
13.3
Jan 1956
132.8
May 2022
PointsMonthly1956-2022
Producer Prices Change
7.6
Dec 2022
9.4
Nov 2022
-7.14
Jul 2009
21.46
Nov 1974
%Monthly1957-2022
Wholesale Prices
139.3
Dec 2022
143.8
Nov 2022
38.5
Jul 1986
166.6
Jun 2022
PointsMonthly1981-2022

Inflation Rate across North America

Inflation Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Bermuda
2.2
Sep 2021
1.6
Aug 2021
-1.4
Jul 2020
2.6
Oct 2014
% Monthly2014-2021
Canada
6.3
Dec 2022
6.8
Nov 2022
-17.8
Jun 1921
21.6
Jun 1920
% Monthly1915-2022
Mexico
7.82
Dec 2022
7.8
Nov 2022
2.13
Dec 2015
179.73
Feb 1988
% Monthly1974-2022
Puerto Rico
6.3
Nov 2022
6.6
Oct 2022
-1.7
Jun 2020
8.8
Oct 2005
% Monthly2003-2022
United States
6.5
Dec 2022
7.1
Nov 2022
-15.8
Jun 1921
23.7
Jun 1920
% Monthly1914-2022

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