Inflation Rate in Canada, 2016
Monthly inflation rate in Canada was -0.16% in December 2016. That is 0.23 more than it was in November 2016 and 0.32 more than in December 2015. At the same time, 2016 year to date inflation rate is 1.50% and year over year inflation rate is 1.50%.
In 2016 Canada ranks #6 in the world by yearly inflation rate.
Inflation rate in Canada is based on the Consumer Price Index (CPI) - prices that consumers have to pay for the products and services, which includes not only the producers price, but also various taxes.
Current Inflation Rate
Inflation rate in December 2016:
(month over month, MOM)
|Inflation rate year to date, YTD:||1.50%|
|Inflation rate in November 2016, MOM:||-0.39%|
|Inflation rate in December 2015, MOM:||-0.47%|
|Inflation rate in December 2015, YTD:||1.61%|
|Inflation rate in 2015:||1.61%|
|Last 12 months inflation rate:
(year over year, YOY)
|Last 60 months inflation rate (5 years):||6.82%|
|Last 120 months inflation rate (10 years):||17.37%|
Month over month inflation rate is calculated for just the subject month itself - from the first to the last day of that month:
|Month to month, %||0.24||0.24||0.63||0.31||0.39||0.23||-0.15||-0.16||0.08||0.23||-0.39||-0.16||1.50|
Year to year inflation rate is calculated for 12 months: 11 months preceding the subject one and the subject month itself:
|Year over year (12 months), %||2.01||1.36||1.27||1.66||1.50||1.49||1.26||1.10||1.34||1.49||1.18||1.50||1.50|
Progressive inflation rate is an incremental year to date inflation that sums rates from the beginning of the calendar year to the end of the subject month:
|Progressive (year to date), %||0.24||0.47||1.11||1.42||1.82||2.06||1.90||1.74||1.82||2.06||1.66||1.50||1.50|
There are more resources available about the inflation in Canada:
- Tables of current and historical inflation rates in Canada by months and years
- Monthly charts showing month over month inflation
- Monthly charts showing year over year inflation rates
- Yearly - charts of annual inflation
- Comparison charts that allow custom reports for any given period and to compare inflation rates between countries and years
- Calculators that allow calculating inflation rates, price and money purchasing power changes for custom periods
Hotlinking and Charts Reusing
All charts are regularly updated and can be hotlinked and used within third party web sites and blogs under a set of conditions. Also charts support parameters that help adjust the charts look and feel. For details on parameters and usage conditions please refer to the Charts API page.
All data and calculations are based on the Consumer Price Index published monthly by the Statistics Service of Canada.
Inflation data in Canada is published in the middle of the month following the reported one.