Inflation Expectations in Canada decreased to 4.04 percent in the second quarter of 2025 from 4.09 percent in the first quarter of 2025. This dataset includes a chart with historical data for Canada Inflation Expectations.

Inflation Rate in Canada increased to 1.90 percent in June from 1.70 percent in May of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada: Inflation forecast: The latest value from 2030 is 2.01 percent, an increase from 1.9 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Canada from 1980 to 2030 is 2.91 percent. The minimum value, 0.04 percent, was reached in 1994 while the maximum of 12.36 percent was recorded in 1981.

The statistic shows the average inflation rate in Canada from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year. Inflation in Canada In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate. The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

Canada Consumer Expectations: Inflation: 5-Yr Ahead data was reported at 3.390 % in Mar 2025. This records an increase from the previous number of 2.990 % for Dec 2024. Canada Consumer Expectations: Inflation: 5-Yr Ahead data is updated quarterly, averaging 3.560 % from Jun 2015 (Median) to Mar 2025, with 40 observations. The data reached an all-time high of 4.260 % in Jun 2018 and a record low of 2.620 % in Dec 2023. Canada Consumer Expectations: Inflation: 5-Yr Ahead data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H025: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be?

Canada Consumer Expectations: Wage Growth: Inflation Expectations: 1-Yr Ahead data was reported at 4.090 % in Mar 2025. This records an increase from the previous number of 3.050 % for Dec 2024. Canada Consumer Expectations: Wage Growth: Inflation Expectations: 1-Yr Ahead data is updated quarterly, averaging 2.730 % from Dec 2014 (Median) to Mar 2025, with 42 observations. The data reached an all-time high of 7.180 % in Dec 2022 and a record low of 2.080 % in Sep 2017. Canada Consumer Expectations: Wage Growth: Inflation Expectations: 1-Yr Ahead data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H025: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: Wage growth expectations: By about what percent do you expect your earnings* to have increased (decreased) over the next 12 months? *Earnings refers to earnings in the same job, for the same hours worked, before taxes and deductions.

As of the first quarter of 2024, consumers in Canada expected the rate of inflation to be at just over ***** percent in five years' time. According to the survey results, Canadians expected the country's inflation rate to sit at about **** percent one year into the future.

Canada BOS: Inflation Expectations: 3% data was reported at 44.000 % in Mar 2025. This records a decrease from the previous number of 51.000 % for Dec 2024. Canada BOS: Inflation Expectations: 3% data is updated quarterly, averaging 42.000 % from Jun 2001 (Median) to Mar 2025, with 96 observations. The data reached an all-time high of 69.000 % in Jun 2007 and a record low of 11.000 % in Jun 2022. Canada BOS: Inflation Expectations: 3% data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index? [COVID-19-IMPACT]

Core consumer prices in Canada increased 2.70 percent in June of 2025 over the same month in the previous year. This dataset provides - Canada Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada BOS: Inflation Expectations: Number Response data was reported at 11.000 % in Mar 2025. This records an increase from the previous number of 5.000 % for Dec 2024. Canada BOS: Inflation Expectations: Number Response data is updated quarterly, averaging 3.000 % from Jun 2001 (Median) to Mar 2025, with 96 observations. The data reached an all-time high of 13.000 % in Jun 2020 and a record low of 0.000 % in Dec 2022. Canada BOS: Inflation Expectations: Number Response data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index? [COVID-19-IMPACT]

Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at *** percent in June 2022 before steadily declining to *** percent by December 2024. In early 2025, inflation began to increase again, rising to *** percent in February, and dropping to *** percent in March. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of **** percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to *** percent in December 2024. In 2025, the bank rate witnessed two cuts, standing at ***** percent in June 2025. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in early 2025, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at *** percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching **** percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at **** percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

Canada BOS: Inflation Expectations: 1 to 2% data was reported at 23.000 % in Mar 2025. This records a decrease from the previous number of 24.000 % for Dec 2024. Canada BOS: Inflation Expectations: 1 to 2% data is updated quarterly, averaging 37.000 % from Jun 2001 (Median) to Mar 2025, with 96 observations. The data reached an all-time high of 76.000 % in Sep 2016 and a record low of 0.000 % in Dec 2022. Canada BOS: Inflation Expectations: 1 to 2% data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index? [COVID-19-IMPACT]

The data and programs replicate tables and figures from "The evolution of inflation expectations in Canada and the US", by Yetman. Please see the ReadMe file for additional details.

Cost of food in Canada increased 2.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Canada BOS: Inflation Expectations: >1% data was reported at 0.000 % in Mar 2025. This stayed constant from the previous number of 0.000 % for Dec 2024. Canada BOS: Inflation Expectations: >1% data is updated quarterly, averaging 1.000 % from Jun 2001 (Median) to Mar 2025, with 96 observations. The data reached an all-time high of 41.000 % in Mar 2009 and a record low of 0.000 % in Mar 2025. Canada BOS: Inflation Expectations: >1% data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S003: Business Outlook Survey. Business Outlook Survey Questionnaire: Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index? [COVID-19-IMPACT]

Canada: Inflation forecast: Pour cet indicateur, International Monetary Fund fournit des données pour la Canada de 1980 à 2030. La valeur moyenne pour Canada pendant cette période était de 2.91 pour cent avec un minimum de 0.04 pour cent en 1994 et un maximum de 12.36 pour cent en 1981.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

When surveyed in *************, some ** percent of respondents in Canada stated that they expected grocery prices to increase. This figure has increased since the start of the survey period in ************** and first peaked at ** percent in ********.

Canada Consumer Expectations: Inflation: Uncertainty: 2-Yr Ahead data was reported at 2.000 % in Mar 2025. This records an increase from the previous number of 1.760 % for Dec 2024. Canada Consumer Expectations: Inflation: Uncertainty: 2-Yr Ahead data is updated quarterly, averaging 1.920 % from Dec 2014 (Median) to Mar 2025, with 42 observations. The data reached an all-time high of 2.380 % in Sep 2022 and a record low of 1.690 % in Dec 2017. Canada Consumer Expectations: Inflation: Uncertainty: 2-Yr Ahead data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H025: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: In your view, what would you say is the percent chance that, over the next 12 (24) months, the rate of inflation or deflation will be between 0% and 2%, 2% and 4% ...? (For example, there is _ percent chance that the rate of inflation or deflation will be between 0% and 2%, 2% and 4% ...)

Canada CA: NAIRU: Equilibrium Unemployment Rate data was reported at 6.243 % in 2022. This records a decrease from the previous number of 6.251 % for 2021. Canada CA: NAIRU: Equilibrium Unemployment Rate data is updated yearly, averaging 7.065 % from Dec 1985 (Median) to 2022, with 38 observations. The data reached an all-time high of 8.006 % in 1993 and a record low of 6.243 % in 2022. Canada CA: NAIRU: Equilibrium Unemployment Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. NAIRU - Equilibrium unemployment rate The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon More details on methodology in Rusticelli E., Turner D. and M. C. Cavalleri (2015), Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment, OECD Economics Department Working Papers No.1231 OECD, Economics Department Working Papers: Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment:https://www.oecd-ilibrary.org/economics/incorporating-anchored-inflation-expectations-in-the-phillips-curve-and-in-the-derivation-of-oecd-measures-of-equilibrium-unemployment_5js1gmq551wd-en