Inflation Rate in Canada remained unchanged at 1.70 percent in May. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

CPI Price, nominal, seas. adj. in Canada was reported at 141 in 2025, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - CPI Price, nominal, seas. adj. - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Canada Consumer Price Index (CPI): Weights: Food: Purchased from Stores (PS) data was reported at 10.720 % in 2024. This stayed constant from the previous number of 10.720 % for 2023. Canada Consumer Price Index (CPI): Weights: Food: Purchased from Stores (PS) data is updated yearly, averaging 11.740 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 12.910 % in 2000 and a record low of 10.720 % in 2024. Canada Consumer Price Index (CPI): Weights: Food: Purchased from Stores (PS) data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.

Consumer price index (2010 = 100) in Canada was reported at 138 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Consumer price index (2010 = 100) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Canada Consumer Price Index (CPI): Annual: All Items excl Food & Energy data was reported at 151.100 2002=100 in 2024. This records an increase from the previous number of 147.300 2002=100 for 2023. Canada Consumer Price Index (CPI): Annual: All Items excl Food & Energy data is updated yearly, averaging 85.950 2002=100 from Dec 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 151.100 2002=100 in 2024 and a record low of 17.300 2002=100 in 1961. Canada Consumer Price Index (CPI): Annual: All Items excl Food & Energy data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

Consumer Price Index CPI in Canada increased to 164.30 points in May from 163.40 points in April of 2025. 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.

Canada Consumer Price Index (CPI): Weights: Food & Energy data was reported at 23.700 % in 2024. This stayed constant from the previous number of 23.700 % for 2023. Canada Consumer Price Index (CPI): Weights: Food & Energy data is updated yearly, averaging 25.150 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 26.430 % in 2008 and a record low of 22.940 % in 2020. Canada Consumer Price Index (CPI): Weights: Food & Energy data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.

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 May 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 Consumer Price Index (CPI): Weights: New Brunswick data was reported at 1.870 % in 2024. This stayed constant from the previous number of 1.870 % for 2023. Canada Consumer Price Index (CPI): Weights: New Brunswick data is updated yearly, averaging 1.960 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 2.120 % in 2000 and a record low of 1.070 % in 1991. Canada Consumer Price Index (CPI): Weights: New Brunswick data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I008: Consumer Price Index: Weights: by Province.

Canada Consumer Price Index (CPI): Weights: Energy data was reported at 7.010 % in 2024. This stayed constant from the previous number of 7.010 % for 2023. Canada Consumer Price Index (CPI): Weights: Energy data is updated yearly, averaging 7.940 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 10.080 % in 2010 and a record low of 6.290 % in 1991. Canada Consumer Price Index (CPI): Weights: Energy data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.

Core consumer prices in Canada increased 2.50 percent in May 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 Consumer Price Index (CPI): Weights: Shelter: RA: Rent data was reported at 7.180 % in 2024. This stayed constant from the previous number of 7.180 % for 2023. Canada Consumer Price Index (CPI): Weights: Shelter: RA: Rent data is updated yearly, averaging 6.470 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 7.560 % in 1991 and a record low of 5.230 % in 2008. Canada Consumer Price Index (CPI): Weights: Shelter: RA: Rent data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.

Canada Consumer Price Index (CPI): Weights: British Columbia data was reported at 14.990 % in 2024. This stayed constant from the previous number of 14.990 % for 2023. Canada Consumer Price Index (CPI): Weights: British Columbia data is updated yearly, averaging 14.010 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 15.670 % in 2021 and a record low of 12.090 % in 1991. Canada Consumer Price Index (CPI): Weights: British Columbia data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I008: Consumer Price Index: Weights: by Province.

Cost of food in Canada increased 3.40 percent in May 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 Consumer Price Index (CPI): Weights: Nova Scotia data was reported at 2.470 % in 2024. This stayed constant from the previous number of 2.470 % for 2023. Canada Consumer Price Index (CPI): Weights: Nova Scotia data is updated yearly, averaging 2.560 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 2.810 % in 2000 and a record low of 2.310 % in 2019. Canada Consumer Price Index (CPI): Weights: Nova Scotia data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I008: Consumer Price Index: Weights: by Province.

Canada CA: Consumer Price Index (CPI): % Change data was reported at 2.382 % in 2024. This records a decrease from the previous number of 3.879 % for 2023. Canada CA: Consumer Price Index (CPI): % Change data is updated yearly, averaging 2.214 % from Dec 1920 (Median) to 2024, with 105 observations. The data reached an all-time high of 16.297 % in 1920 and a record low of -12.106 % in 1921. Canada CA: Consumer Price Index (CPI): % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Consumer and Producer Price Index: Annual.

CPI Price, % y-o-y, nominal, seas. adj. in Canada was reported at 1.4768 % in 2025, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - CPI Price, % y-o-y, nominal, seas. adj. - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Canada Consumer Price Index (CPI): Weights: Food: PS: OF: CT: Coffee data was reported at 0.290 % in 2024. This stayed constant from the previous number of 0.290 % for 2023. Canada Consumer Price Index (CPI): Weights: Food: PS: OF: CT: Coffee data is updated yearly, averaging 0.190 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 0.310 % in 2020 and a record low of 0.130 % in 2004. Canada Consumer Price Index (CPI): Weights: Food: PS: OF: CT: Coffee data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.

CPI: Weights: AT: AB: Purchased from Stores: Others data was reported at 0.010 % in 2024. This stayed constant from the previous number of 0.010 % for 2023. CPI: Weights: AT: AB: Purchased from Stores: Others data is updated yearly, averaging 0.010 % from Dec 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 0.050 % in 2008 and a record low of 0.010 % in 2024. CPI: Weights: AT: AB: Purchased from Stores: Others data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I007: Consumer Price Index: Weights.