Canada - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Canada was 121.59 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 121.59 in 2021 and a minimum value of 13.34 in 1960.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 13.34
1961 13.48
1962 13.62
1963 13.85
1964 14.11
1965 14.44
1966 14.99
1967 15.53
1968 16.16
1969 16.89
1970 17.46
1971 17.93
1972 18.83
1973 20.23
1974 22.46
1975 24.86
1976 26.73
1977 28.86
1978 31.45
1979 34.33
1980 37.81
1981 42.52
1982 47.10
1983 49.86
1984 52.01
1985 54.07
1986 56.34
1987 58.79
1988 61.16
1989 64.21
1990 67.28
1991 71.06
1992 72.12
1993 73.47
1994 73.59
1995 75.17
1996 76.35
1997 77.59
1998 78.36
1999 79.72
2000 81.89
2001 83.96
2002 85.85
2003 88.22
2004 89.86
2005 91.85
2006 93.69
2007 95.69
2008 97.96
2009 98.25
2010 100.00
2011 102.91
2012 104.47
2013 105.45
2014 107.46
2015 108.67
2016 110.22
2017 111.98
2018 114.52
2019 116.76
2020 117.59
2021 121.59

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices