Average inflation in Canada

Estadisticas Canada · Mensual · Importance 75

IMF forecast (WEO): 2026: 2.5% 2027: 2.1% 2028: 2.0% 2029: 2.0% 2030: 2.0% 2031: 2.0%

3.03% (Jul-26) YOY · % · Mensual · CSV

Period	%
Jul 2026	3.03%
Jun 2026	2.80%
May 2026	3.23%
Apr 2026	2.82%
Mar 2026	2.39%
Feb 2026	1.78%
Jan 2026	2.29%
Dec 2025	2.36%
Nov 2025	2.22%
Oct 2025	2.16%
Sep 2025	2.36%
Aug 2025	1.85%
Jul 2025	1.73%
Jun 2025	1.86%
May 2025	1.73%
Apr 2025	1.74%
Mar 2025	2.32%
Feb 2025	2.64%
Jan 2025	1.90%
Dec 2024	1.83%
Nov 2024	1.89%
Oct 2024	2.02%
Sep 2024	1.64%
Aug 2024	1.95%
Jul 2024	2.53%
Jun 2024	2.67%
May 2024	2.87%
Apr 2024	2.69%
Mar 2024	2.90%
Feb 2024	2.78%
Jan 2024	2.86%
Dec 2023	3.40%
Nov 2023	3.12%
Oct 2023	3.12%
Sep 2023	3.80%
Aug 2023	4.00%
Jul 2023	3.27%
Jun 2023	2.81%
May 2023	3.36%
Apr 2023	4.41%
Mar 2023	4.30%
Feb 2023	5.25%
Jan 2023	5.92%
Dec 2022	6.32%
Nov 2022	6.80%
Oct 2022	6.88%
Sep 2022	6.86%
Aug 2022	7.01%
Jul 2022	7.59%
Jun 2022	8.13%
May 2022	7.73%
Apr 2022	6.77%
Mar 2022	6.66%
Feb 2022	5.69%
Jan 2022	5.14%
Dec 2021	4.80%
Nov 2021	4.72%
Oct 2021	4.65%
Sep 2021	4.38%
Aug 2021	4.09%

Period	%
Jul 2026	0.53%
Jun 2026	-0.35%
May 2026	0.95%
Apr 2026	0.36%
Mar 2026	0.90%
Feb 2026	0.55%
Jan 2026	0.00%
Dec 2025	-0.24%
Nov 2025	0.06%
Oct 2025	0.24%
Sep 2025	0.06%
Aug 2025	-0.06%
Jul 2025	0.30%
Jun 2025	0.06%
May 2025	0.55%
Apr 2025	-0.06%
Mar 2025	0.31%
Feb 2025	1.05%
Jan 2025	0.06%
Dec 2024	-0.37%
Nov 2024	0.00%
Oct 2024	0.43%
Sep 2024	-0.43%
Aug 2024	-0.19%
Jul 2024	0.43%
Jun 2024	-0.06%
May 2024	0.56%
Apr 2024	0.50%
Mar 2024	0.63%
Feb 2024	0.32%
Jan 2024	0.00%
Dec 2023	-0.31%
Nov 2023	0.13%
Oct 2023	0.06%
Sep 2023	-0.13%
Aug 2023	0.38%
Jul 2023	0.57%
Jun 2023	0.13%
May 2023	0.38%
Apr 2023	0.71%
Mar 2023	0.52%
Feb 2023	0.39%
Jan 2023	0.52%
Dec 2022	-0.58%
Nov 2022	0.13%
Oct 2022	0.72%
Sep 2022	0.07%
Aug 2022	-0.33%
Jul 2022	0.13%
Jun 2022	0.66%
May 2022	1.40%
Apr 2022	0.60%
Mar 2022	1.43%
Feb 2022	1.03%
Jan 2022	0.90%
Dec 2021	-0.14%
Nov 2021	0.21%
Oct 2021	0.70%
Sep 2021	0.21%
Aug 2021	0.21%

Period	%
Jul 2026	2.26%
Jun 2026	2.14%
May 2026	2.14%
Apr 2026	2.15%
Mar 2026	2.54%
Feb 2026	2.28%
Jan 2026	2.61%
Dec 2025	2.74%
Nov 2025	2.88%
Oct 2025	2.88%
Sep 2025	2.83%
Aug 2025	2.63%
Jul 2025	2.58%
Jun 2025	2.71%
May 2025	2.52%
Apr 2025	2.59%
Mar 2025	2.14%
Feb 2025	2.66%
Jan 2025	2.08%
Dec 2024	1.82%
Nov 2024	1.49%
Oct 2024	1.69%
Sep 2024	1.63%
Aug 2024	1.50%
Jul 2024	1.70%
Jun 2024	1.84%
May 2024	1.84%
Apr 2024	1.65%
Mar 2024	2.05%
Feb 2024	2.12%
Jan 2024	2.46%
Dec 2023	2.60%
Nov 2023	2.80%
Oct 2023	2.81%
Sep 2023	2.82%
Aug 2023	3.30%
Jul 2023	3.18%
Jun 2023	3.19%
May 2023	3.61%
Apr 2023	4.04%
Mar 2023	4.34%
Feb 2023	4.72%
Jan 2023	5.03%
Dec 2022	5.41%
Nov 2022	5.79%
Oct 2022	5.74%
Sep 2022	5.90%
Aug 2022	5.92%
Jul 2022	6.02%
Jun 2022	6.12%
May 2022	6.07%
Apr 2022	5.80%
Mar 2022	5.53%
Feb 2022	4.88%
Jan 2022	4.30%
Dec 2021	4.02%
Nov 2021	3.58%
Oct 2021	3.75%
Sep 2021	3.68%
Aug 2021	3.47%

Period	%
Jul 2026	0.18%
Jun 2026	0.25%
May 2026	0.25%
Apr 2026	0.06%
Mar 2026	0.00%
Feb 2026	0.19%
Jan 2026	0.19%
Dec 2025	0.19%
Nov 2025	0.12%
Oct 2025	0.31%
Sep 2025	0.25%
Aug 2025	0.25%
Jul 2025	0.06%
Jun 2025	0.25%
May 2025	0.25%
Apr 2025	0.44%
Mar 2025	-0.25%
Feb 2025	0.51%
Jan 2025	0.32%
Dec 2024	0.32%
Nov 2024	0.13%
Oct 2024	0.26%
Sep 2024	0.06%
Aug 2024	0.19%
Jul 2024	0.19%
Jun 2024	0.06%
May 2024	0.32%
Apr 2024	0.00%
Mar 2024	0.26%
Feb 2024	-0.06%
Jan 2024	0.06%
Dec 2023	0.00%
Nov 2023	0.33%
Oct 2023	0.20%
Sep 2023	-0.07%
Aug 2023	0.39%
Jul 2023	0.33%
Jun 2023	0.07%
May 2023	0.13%
Apr 2023	0.40%
Mar 2023	0.33%
Feb 2023	0.27%
Jan 2023	0.20%
Dec 2022	0.20%
Nov 2022	0.33%
Oct 2022	0.20%
Sep 2022	0.40%
Aug 2022	0.27%
Jul 2022	0.34%
Jun 2022	0.48%
May 2022	0.55%
Apr 2022	0.69%
Mar 2022	0.69%
Feb 2022	0.56%
Jan 2022	0.56%
Dec 2021	0.56%
Nov 2021	0.28%
Oct 2021	0.36%
Sep 2021	0.43%
Aug 2021	0.36%

About this indicator

Source	Statistics Canada
Frequency	Mensual
Release	En torno a mediados del mes siguiente al periodo de referencia (suele haber un dato preliminar y otro definitivo).
What it is	Canada's CPI measures the change in the prices of a representative basket of goods and services bought by the country's households. Published by Statistics Canada, it is the main gauge of inflation and the reference for updating wages, pensions and contracts.
How it's calculated	Statistics Canada collects prices from a broad sample of outlets and regions and weights them by household spending, building an index with a base year that is updated periodically. Monthly and year-on-year changes are published.
Market implications	Inflation is the central reference for Bank of Canada monetary policy when setting interest rates. A hotter-than-expected print tends to push rates and the Canadian dollar higher, while a softer one opens the door to cuts.
Limitations	It only tracks the prices in the defined basket, so it does not capture every price in the economy; to read the underlying trend the Bank of Canada follows core measures (CPI-trim and CPI-median) that strip out the most volatile components.