Overview

Monthly inflation rate in Canada was 0.23% in October 2016. That is 0.16 more than it was in September 2016 and 0.15 more than in October 2015. At the same time, 2016 year to date inflation rate is 2.06% and year over year inflation rate is 1.49%.

In 2016 Canada ranks #9 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 October 2016:
(month over month, MOM)
0.23%
Inflation rate year to date, YTD:2.06%
Inflation rate in September 2016, MOM:0.08%
Inflation rate in October 2015, MOM:0.08%
Inflation rate in October 2015, YTD:2.17%
Inflation rate in 2015:1.61%
Last 12 months inflation rate:
(year over year, YOY)
1.49%
Last 60 months inflation rate (5 years):6.87%
Last 120 months inflation rate (10 years):18.44%


Month over month inflation rate is calculated for just the subject month itself - from the first to the last day of that month:

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Month to month, % 0.24 0.24 0.63 0.31 0.39 0.23 -0.15 -0.16 0.08 0.23 2.06
2016 Canada Inflation Rate: Month to Month


Advanced charting and comparisons


Year to year inflation rate is calculated for 12 months: 11 months preceding the subject one and the subject month itself:

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
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 2.06
2016 Canada Inflation Rate: Year over Year


Advanced charting and comparisons


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:

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Progressive (year to date), % 0.24 0.47 1.11 1.42 1.82 2.06 1.90 1.74 1.82 2.06 2.06
2016 Canada Progressive Inflation Rate


Advanced charting and comparisons

<- 2015 | 2016 |


More Info

There are more resources available about the inflation in Canada:

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.

About Data

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.

Last Updated: