The Toronto skyline in Canada

Canada Inflation May 2021

Canada: Inflation increases in May

Consumer prices rose a seasonally-adjusted 0.36% in May over the previous month, moderating from the 0.58% increase logged in April. Looking at the details of the release, prices for transportation rose at a softer pace, while food and housing prices rose at a faster rate.

Inflation came in at 3.6% in May, up from April’s 3.4%. May’s figure was the highest inflation rate since May 2011. Annual average inflation rose to 1.3% in May (April: 0.9%). Core inflation rose to 2.8% in May, from the previous month’s 2.3%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest