Inflation in Canada

Canada Inflation | Economic News & Forecasts

Canada - Inflation

Inflation plunges to lowest level since March in June

Consumer prices increased a seasonally-adjusted 0.14% in June over the previous month, slowing down from the 0.36% increase recorded in May. June's result marked the softest rise in prices since December 2020. The result was driven by falling prices for transportation and food. In addition, prices for recreation and culture grew at a more subdued pace.

Inflation eased to 3.1% in June from May’s 3.6%. June's reading represented the lowest inflation rate since March. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 1.5% in June (May: 1.3%). Core inflation fell to 2.7% in June, from the previous month's 2.8%.

FocusEconomics Consensus Forecast analysts, see inflation averaging 2.2% in 2021, which is up 0.2 percentage points from the previous month’s forecast. For 2022, our panelists see inflation averaging 2.0%.

Canada - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.1  1.4  1.6  2.3  1.9  

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Canada Inflation Chart


Canada Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Statistics Canada.

Canada Facts

Value Change Date
Bond Yield1.701.00 %Dec 31
Exchange Rate1.300.15 %Jan 01

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