By the end of April 2023, the Consumer Price Index (CPI) of Canada had increased by 4.4 percent from the the same month of the previous year. The Consumer Price Index is used to assess price changes associated with the average cost of living. The data is not seasonally adjusted.

Annual indexes for major components and special aggregates of the Consumer Price Index (CPI), for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the last five years. The base year for the index is 2002=100.

The average resale house price in Canada was forecast to reach nearly 836,000 Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach 1.2 million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was 1.9 million Canadian dollars in 2024.

Monthly indexes and percentage changes for major components and special aggregates of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the corresponding month of the previous year, the previous month and the current month. The base year for the index is 2002=100.

The statistic shows the average inflation rate in Canada from 1987 to 2023, with projections up until 2029. 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.

The consumer price index of food in Canada has generally increased since 2000. The base year 2002 equals 100 and after that year, the price index stayed over 100 and increased each year until ultimately reaching a high of 190.5 in July 2024. Since then, the index has slightly decreased but reached 190.5 again in October 2024.

Inflation Rate in Canada increased to 2.60 percent in February from 1.90 percent in January of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Annual indexes of price differences between 15 cities in all provinces and territories, as of October of the previous year, for a selection of products (goods and services) from the Consumer Price Index (CPI) purchased by consumers in each of the 15 cities. The combined city average index is 100.

CPI Median in Canada increased to 2.90 percent in February from 2.70 percent in January of 2025. This dataset includes a chart with historical data for Canada CPI Median YoY.

Canada Consumer Price Index (CPI): Core: Factor Model: YoY data was reported at 2.200 % in Jan 2025. This records an increase from the previous number of 2.000 % for Dec 2024. Canada Consumer Price Index (CPI): Core: Factor Model: YoY data is updated monthly, averaging 1.900 % from Jan 1990 (Median) to Jan 2025, with 421 observations. The data reached an all-time high of 6.200 % in Nov 2022 and a record low of 0.600 % in Oct 1994. Canada Consumer Price Index (CPI): Core: Factor Model: YoY data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

Canada Consumer Price Index (CPI): Core: Weighted Median: sa: YoY data was reported at 2.900 % in Feb 2025. This records an increase from the previous number of 2.700 % for Jan 2025. Canada Consumer Price Index (CPI): Core: Weighted Median: sa: YoY data is updated monthly, averaging 1.900 % from Jan 1990 (Median) to Feb 2025, with 422 observations. The data reached an all-time high of 5.200 % in Nov 2022 and a record low of 0.900 % in Dec 1997. Canada Consumer Price Index (CPI): Core: Weighted Median: sa: YoY data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

The ACCRA Cost of Living Index (COLI) is a measure of living cost differences among urban areas compiled by the Council for Community and Economic Research. Conducted quarterly, the index compares the price of goods and services among approximately 300 communities in the United States and Canada. This Microsoft Excel file contains the average prices of goods and services published in the ACCRA Cost of Living Index since 1990.

In June 2023, the Consumer Price Index had reached 154.1 in the province of Quebec in Canada. This represented an increase of more than 21 points compared to June 2020. The Consumer Price Index (CPI) is an instrument for measuring inflation. It estimates the average change in the prices of products consumed by households between two given periods and is based on the observation of a fixed basket of goods and services. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year.

Major wage settlements, including number of agreements, number of employees, average duration of agreements, first year average percentage wage adjustment, and annual average percentage wage adjustment, by jurisdiction, industry, sector, and cost of living adjustment (COLA), quarterly, from 1977 to 2020.

Consumer Price Index CPI in Canada increased to 161.30 points in January from 161.20 points in December of 2024. This dataset provides the latest reported value for - Canada Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Monthly average retail prices for food, household supplies, personal care items, cigarettes and gasoline. Prices are presented for the current month and previous four months. Prices are in Canadian current dollars.

CPI Trimmed-Mean in Canada increased to 2.90 percent in February from 2.70 percent in January of 2025. This dataset includes a chart with historical data for Canada CPI Trimmed-mean YoY.

Consumer Price Index (CPI) in Canada, February, 2025 The most recent value is 163 index points as of February 2025, an increase compared to the previous value of 161.3 index points. Historically, the average for Canada from January 1960 to February 2025 is 76.9372 index points. The minimum of 15.4 index points was recorded in March 1960, while the maximum of 163 index points was reached in February 2025. | TheGlobalEconomy.com

Survey of Household Spending (SHS), average household spending, Canada, regions and provinces.

This Alberta Official Statistic compares the Consumer Price Index year-over-year for Canada and Alberta. The graph shows the CPI for all items as well as for 9 individual sectors such as Food, Shelter, Energy, etc.