Inflation Rate in Canada decreased to 2.20 percent in October from 2.40 percent in September of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Canada increased to 165.30 points in October from 164.90 points in September 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.

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.

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.

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 April 2025, inflation decreased to *** percent. 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 further cuts, standing at * percent in March 2025 and **** percent in September 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): 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.

Cost of food in Canada increased 3.40 percent in October 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: Shelter: Rented Accommodation data was reported at 7.370 % in 2024. This stayed constant from the previous number of 7.370 % for 2023. Canada Consumer Price Index (CPI): Weights: Shelter: Rented Accommodation data is updated yearly, averaging 6.630 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 7.750 % in 1991 and a record low of 5.360 % in 2008. Canada Consumer Price Index (CPI): Weights: Shelter: Rented Accommodation 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 2.90 percent in October 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.

The transportation sub-index of the CPI basket in Canada decreased to 171.10 points in October of 2025 from 171.80 points in September of 2025. This dataset provides - Canada Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

CPI Housing Utilities in Canada increased to 189.40 points in October from 188.20 points in September of 2025. This dataset provides - Canada Cpi Shelter- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Canada increased 0.20 percent in October of 2025 over the previous month. This dataset provides - Canada Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Consumer Price Index (CPI): All Items excl Food data was reported at 155.675 2002=100 in 2024. This records an increase from the previous number of 152.125 2002=100 for 2023. Canada Consumer Price Index (CPI): All Items excl Food data is updated yearly, averaging 66.287 2002=100 from Dec 1949 (Median) to 2024, with 76 observations. The data reached an all-time high of 155.675 2002=100 in 2024 and a record low of 12.525 2002=100 in 1949. Canada Consumer Price Index (CPI): All Items excl Food 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.

CPI Price, % y-o-y, nominal, seas. adj. in Canada was reported at 1.6788 % 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 November of 2025.

Canada Consumer Price Index (CPI): Weights: HC: Personal Care data was reported at 2.670 % in 2024. This stayed constant from the previous number of 2.670 % for 2023. Canada Consumer Price Index (CPI): Weights: HC: Personal Care data is updated yearly, averaging 2.380 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 2.670 % in 2024 and a record low of 2.010 % in 2019. Canada Consumer Price Index (CPI): Weights: HC: Personal Care 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.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

Canada Consumer Price Index (CPI): Weights: Ontario data was reported at 40.800 % in 2024. This stayed constant from the previous number of 40.800 % for 2023. Canada Consumer Price Index (CPI): Weights: Ontario data is updated yearly, averaging 40.130 % from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 43.660 % in 1991 and a record low of 38.940 % in 2014. Canada Consumer Price Index (CPI): Weights: Ontario 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): Seasonally Adjusted data was reported at 140.933 2010=100 in 2025. This records an increase from the previous number of 138.882 2010=100 for 2024. Canada Consumer Price Index (CPI): Seasonally Adjusted data is updated yearly, averaging 94.229 2010=100 from Dec 1987 (Median) to 2025, with 39 observations. The data reached an all-time high of 140.933 2010=100 in 2025 and a record low of 59.132 2010=100 in 1987. Canada Consumer Price Index (CPI): Seasonally Adjusted data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.GEM: Consumer Price Index: Annual. The consumer price index reflects the change in prices for the average consumer of a constant basket of consumer goods. Data is in nominal terms and seasonally adjusted.

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.