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Canada Inflation Rate

Last Release
May 2021
Actual
3.6 %
Forecast
3.2 %
Previous
3.4 %
Frequency
Monthly
Units In
%
Next Release
Jul 28, 2021
Time to Release
4 Days 3 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 was at 2 percent in December 2019, unchanged from the previous month and matching market expectations. It remained the highest inflation rate since May, as transport prices rose further boosted by gasoline while cost of food slowed mainly due to lettuce. Considering 2019 as a whole, the inflation rate was at 1.9 percent, compared to 2.3 percent in 2018.

Canada Inflation Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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%
Sep 18, 201913:20Canada Inflation Rate at 5-Month Low of 1.9%
Aug 21, 201912:57Canada July Inflation Rate Steady at 2%
Jul 17, 201913:03Canada Inflation Rate Slows to 2% in June
DATETIMEEVENTActual
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 %
Feb 17, 202113:30Inflation Rate YoY1 %
Jan 20, 202113:30Inflation Rate YoY0.7 %
Dec 16, 202013:30Inflation Rate YoY1 %

Canada prices Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Core Inflation Rate
2.8
May 2021
2.3
Apr 2021
0
Jun 1984
5.4
Jan 1987
%Monthly1984 - 2021
Cpi Housing Utilities
147.3
Sep 2021
151.7
May 2021
39.1
Sep 1978
151.7
May 2021
pointsMonthly1978 - 2021
CPI Transportation
140.4
Sep 2021
150.3
May 2021
10.9
Apr 1950
150.3
May 2021
pointsMonthly1950 - 2021
Consumer Price Index CPI
136.9
Sep 2021
141
May 2021
12.1
Jan 1950
141
May 2021
pointsMonthly1950 - 2021
Core Consumer Prices
138.8
May 2021
138.2
Apr 2021
61.7
Jan 1984
138.8
May 2021
pointsMonthly1984 - 2021
GDP Deflator
116.2
Mar 2021
112.9
Dec 2020
11.8
Sep 1961
116.2
Mar 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
3.6
May 2021
3.4
Apr 2021
-17.8
Jul 1921
21.6
Jun 1920
%Monthly1919 - 2021
Mexico
5.88
Jun 2021
5.89
May 2021
2.13
Dec 2015
179.73
Feb 1988
%Monthly1974 - 2021
Puerto Rico
2.7
Jun 2021
1.5
May 2021
-1.7
Jun 2020
8.8
Oct 2005
%Monthly2003 - 2021
United States
5.4
Jun 2021
5
May 2021
-15.8
Jun 1921
23.7
Jun 1920
%Monthly1919 - 2021

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