Canada's consumer price inflation rate picked up to 1.0 percent year-on-year in November 2020, the highest since last February and above market expectations of 0.8 percent. Upward pressure came from shelter (1.9 percent vs 1.8 percent) due to rent prices, food (1.9 percent vs 2.3 percent), household operations, furnishings and equipment (0.6 percent vs 0.4 percent), and recreation, education and reading (1.0 percent vs -1.3 percent). On the other hand, transportation cost declined 0.1 percent for a second straight month, due to an 11.9 percent slump in gasoline prices amid subdued domestic and international demand. Excluding gasoline, the CPI rose 1.3 percent in November, up from a 1.0 percent increase in October. On a monthly basis, consumer prices edged up 0.1 percent in November, easing from a 0.4 percent gain in October and compared with market expectations of a flat reading. source: Statistics Canada
Inflation Rate in Canada averaged 3.11 percent from 1915 until 2020, reaching an all time high of 21.60 percent in June of 1920 and a record low of -17.80 percent in June of 1921. This page provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Canada is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Canada to stand at 1.40 in 12 months time. In the long-term, the Canada Inflation Rate is projected to trend around 1.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.