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Canada Inflation Rate

Last Release
Jun 2020
Actual
0.7 %
Forecast
N/A
Previous
-0.4 %
Frequency
Monthly
Units In
%
Next Release
Aug 19, 2020
Time to Release
8 Days 1 Hours
Highest
Lowest
Average
Date Range
Source
21.6 %
Jun 1920
-17.8 %
Jul 1921
2.8 %1919 - 2020Statistics 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
Jul 22, 202012:30Inflation Rate YoY0.7 %
Jun 17, 202012:30Inflation Rate YoY-0.4 %
May 20, 202012:30Inflation Rate YoY-0.2 %
Apr 22, 202012:30Inflation Rate YoY0.9 %
Mar 18, 202012:30Inflation Rate YoY2.2 %
Feb 19, 202013:30Inflation Rate YoY2.4 %
Jan 22, 202013:30Inflation Rate YoY2.2 %

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

Canada prices Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Core Inflation Rate
1.1
Jun 2020
0.7
May 2020
0
Jun 1984
5.4
Jan 1987
%Monthly1984 - 2020
Cpi Housing Utilities
146.4
Jun 2020
145.6
May 2020
39.1
Sep 1978
146.7
Feb 2020
pointsMonthly1978 - 2020
CPI Transportation
142.8
Jun 2020
139.7
May 2020
10.9
Apr 1950
144.2
Jul 2019
pointsMonthly1950 - 2020
Consumer Price Index CPI
137.2
Jun 2020
136.1
May 2020
12.1
Jan 1950
137.4
Feb 2020
pointsMonthly1950 - 2020
Core Consumer Prices
135.5
Jun 2020
134.8
May 2020
61.7
Jan 1984
135.5
Jun 2020
pointsMonthly1984 - 2020
GDP Deflator
111.7
Mar 2020
111.1
Dec 2019
11.8
Sep 1961
111.7
Mar 2020
pointsQuarterly1961 - 2020

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
0.7
Jun 2020
-0.4
May 2020
-17.8
Jul 1921
21.6
Jun 1920
%Monthly1919 - 2020
Mexico
3.62
Jul 2020
3.33
Jun 2020
2.13
Dec 2015
179.73
Feb 1988
%Monthly1974 - 2020
Puerto Rico
-1.7
Jun 2020
-0.7
May 2020
-1.7
Jun 2020
8.8
Oct 2005
%Monthly2003 - 2020
United States
0.6
Jun 2020
0.1
May 2020
-15.8
Jun 1921
23.7
Jun 1920
%Monthly1919 - 2020

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