The statistic shows the average inflation rate in Canada from 2003 to 2013. 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 2012, the average inflation rate in Canada was approximately 1.8 percent compared to the previous year.