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Canada Inflation Rate

Last Release
May 31, 2022
Actual
7.7
Units In
%
Previous
6.8
Frequency
Monthly
Next Release
Jul 20, 2022
Time to Release
15 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
21.6
Jun 1920
-17.8
Jun 1921
3.12 %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 quickened to 7.7% in May of 2022, the highest since January 1983 and above market expectations of 7.4%. The main upward pressure came from transportation, food, and shelter as Western sanctions in response to Russian attacks on Ukraine continued to lift prices of energy and commodities. Transportation costs surged 14.6% (11.2% in April), underpinned by a 48% rise in gasoline prices (36.3% in April). Meanwhile, food inflation remained the same at 8.8%, carried by a 9.7% increase in prices for groceries. Also, shelter prices grew at the same pace of 7.4%, as mortgages continued to rise. Excluding gasoline, the CPI rose at a fresh record high of 6.3%. On a monthly basis, consumer prices rose 1.4%, surpassing market estimates of a 1% increase, and picking up from a 0.6% increase in April.

Canada Inflation Rate History

Last 12 readings

A Look at the Markets

Educational Pieces on Marco Indicators

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Canada Prices Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
CPI Transportation
172.2
May 2022
166.3
Apr 2022
10.9
Jan 1950
172.2
May 2022
PointsMonthly1950-2022
Commodity Prices YoY
37.4
May 2022
38.3
Apr 2022
-34.8
Jul 2009
56.1
Apr 2021
%Monthly1982-2022
Consumer Price Index CPI
151.9
May 2022
149.8
Apr 2022
12.1
Jan 1950
151.9
May 2022
PointsMonthly1950-2022
Core Consumer Prices
147.3
May 2022
146.1
Apr 2022
61.7
Jan 1984
147.3
May 2022
PointsMonthly1984-2022
Core Inflation Rate
6.1
May 2022
5.7
Apr 2022
0.16
Aug 1984
6.1
May 2022
%Monthly1984-2022
Cpi Housing Utilities
163
May 2022
161.9
Apr 2022
39.1
Sep 1978
163
May 2022
PointsMonthly1978-2022
Cpi Median
4.9
May 2022
4.6
Apr 2022
0.9
Nov 1997
4.9
May 2022
%Monthly1990-2022
Cpi Trimmed-mean
5.4
May 2022
5.2
Apr 2022
0.8
Dec 1997
5.4
May 2022
%Monthly1990-2022
Export Prices
152.8
Apr 2022
151.3
Mar 2022
62.6
Sep 1991
152.8
Apr 2022
PointsMonthly1986-2022
Food Inflation
8.8
May 2022
8.8
Apr 2022
-7.14
Dec 1952
20.18
Jul 1978
%Monthly1951-2022
GDP Deflator
126
Mar 2022
122.4
Dec 2021
11.8
Mar 1961
126
Mar 2022
PointsQuarterly1961-2022
Import Prices
139.8
Apr 2022
139.9
Mar 2022
75.9
Jul 1988
8,964
Nov 1985
PointsMonthly1971-2022
Inflation Rate
7.7
May 2022
6.8
Apr 2022
-17.8
Jun 1921
21.6
Jun 1920
%Monthly1915-2022
Inflation Rate Mom
1.4
May 2022
0.6
Apr 2022
-1.3
Jun 1959
2.6
Jan 1991
%Monthly1950-2022
Producer Price Inflation MoM
1.7
May 2022
0.8
Apr 2022
-2.9
Nov 2008
3.8
Jan 1980
N/A1956-2022
Producer Prices
132
May 2022
129.8
Apr 2022
13.3
Jan 1956
132
May 2022
PointsMonthly1956-2022
Producer Prices Change
15
May 2022
16.4
Apr 2022
-7.14
Jul 2009
21.46
Nov 1974
%Monthly1957-2022
Wholesale Prices
165
May 2022
160.9
Apr 2022
38.5
Jul 1986
165
May 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
7.7
May 2022
6.8
Apr 2022
-17.8
Jun 1921
21.6
Jun 1920
% Monthly1915-2022
Mexico
7.65
May 2022
7.68
Apr 2022
2.13
Dec 2015
179.73
Feb 1988
% Monthly1974-2022
Puerto Rico
6.1
Apr 2022
5.1
Mar 2022
-1.7
Jun 2020
8.8
Oct 2005
% Monthly2003-2022
United States
8.6
May 2022
8.3
Apr 2022
-15.8
Jun 1921
23.7
Jun 1920
% Monthly1914-2022

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