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 consumer price index of all-items in Canada amounted to ***** points in 2024. Between 1914 and 2024, the consumer price index rose by ***** points, though the increase followed an uneven trajectory rather than a consistent upward trend.

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.

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.

Monthly indexes 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 current month and previous four months. The base year for the index is 2002=100.

Canada Consumer Price Index (CPI): Core: Factor Model: YoY data was reported at 2.300 % in Mar 2025. This records a decrease from the previous number of 2.500 % for Feb 2025. Canada Consumer Price Index (CPI): Core: Factor Model: YoY data is updated monthly, averaging 1.900 % from Jan 1990 (Median) to Mar 2025, with 423 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.

This table contains 13 series, with data from 1949 (not all combinations necessarily have data for all years). Data are presented for the current month and previous four months. Users can select other time periods that are of interest to them.

From January 2022 to January 2025, the consumer price index (CPI) of food purchased from the store generally increased monthly in every province. In Prince Edward Island, the CPI reached ***** by January 2025, making it the highest CPI in Canada in that month.

Canada CA: Consumer Price Index (CPI): YoY data was reported at 2.110 % in 2026. This records an increase from the previous number of 1.986 % for 2025. Canada CA: Consumer Price Index (CPI): YoY data is updated yearly, averaging 1.971 % from Dec 1993 (Median) to 2026, with 34 observations. The data reached an all-time high of 6.803 % in 2022 and a record low of 0.136 % in 1994. Canada CA: Consumer Price Index (CPI): YoY data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Annual. CPI_YTYPCT- Headline inflation The CPI year-on-year changes is a measure of inflation

The consumer price index of cigarettes in Canada stood at ***** points in 2024. Between 1949 and 2024, the consumer price index rose by ***** points, though the increase followed an uneven trajectory rather than a consistent upward trend.

Monthly indexes for major components and special aggregates of the Consumer Price Index (CPI), seasonally adjusted, for Canada. Data are presented for the current month and previous four months. The base year for the index is 2002=100.

The following is CPI inflation data sourced from the Bank of Canada Website. Data is from here: https://www.bankofcanada.ca/terms/#reproduce . Be sure to accredit the Bank of Canada when using this data for publication. For more info see here: https://www.bankofcanada.ca/terms/#reproduce

Key information about Canada Consumer Price Index CPI growth

• Canada Consumer Price Index (CPI) growth was measured at 2.2 % YoY in Oct 2025, compared with a rate of 2.3 % in the previous month.
• Canada Consumer Price Index growth data is updated monthly, available from Jan 1993 to Oct 2025, with an averaged number of 0.1 % YoY.
• The data reached an all-time high of 8.2 % YoY in Jun 2022 and a record low of -1.0 % YoY in Jul 2009.

Canada Consumer Price Index (CPI): Core: Weighted Median: sa: YoY data was reported at 2.900 % in Mar 2025. This stayed constant from the previous number of 2.900 % for Feb 2025. Canada Consumer Price Index (CPI): Core: Weighted Median: sa: YoY data is updated monthly, averaging 1.900 % from Jan 1990 (Median) to Mar 2025, with 423 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.

Canada Consumer Price Index (CPI): Core: Trimmed Mean: sa: YoY data was reported at 2.800 % in Mar 2025. This records a decrease from the previous number of 2.900 % for Feb 2025. Canada Consumer Price Index (CPI): Core: Trimmed Mean: sa: YoY data is updated monthly, averaging 1.800 % from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 5.700 % in Jun 2022 and a record low of 0.800 % in Dec 1997. Canada Consumer Price Index (CPI): Core: Trimmed Mean: 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.

By June 2023, the Consumer Price Index had reached 160.5 in the province of Saskatchewan in Canada. This represented an increase of more than 19 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.

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.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Canada (CPGRLE01CAA657N) from 1962 to 2022 about core, Canada, all items, CPI, inflation, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: All Items: City: Total for Canada (CPALCY01CAA661N) from 1961 to 2022 about Canada, all items, Net, CPI, price index, indexes, and price.

Canada Consumer Price Index (CPI): Energy data was reported at 204.000 2002=100 in Mar 2025. This records a decrease from the previous number of 206.400 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): Energy data is updated monthly, averaging 78.000 2002=100 from Jan 1961 (Median) to Mar 2025, with 771 observations. The data reached an all-time high of 242.500 2002=100 in Jun 2022 and a record low of 11.000 2002=100 in Jul 1963. Canada Consumer Price Index (CPI): Energy data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I002: Consumer Price Index: 2002=100.