Between October 2020 and June 2024, the consumer price index for gasoline increased substantially in Canada. Indeed, the CPI was 149 at the beginning of the period, and 235.7 at the end. The consumer price index increased by more than 105 points between June 2021 and June 2022. When surveyed in March 2022, half of Canadians reported that inflation had a strong negative impact on their household in terms of gas.

By June 2023, the Consumer Price Index of gasoline had reached 234.7 in Canada. This represented an increase of 41 points compared to June 2021. The province with the highest CPI for gasoline in June 2023 was British Columbia. 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.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

In March 2022, only four percent of people surveyed in Canada by the Leger Institute considered that inflation had no impact on their household in terms of gas. Conversely, for half of Canadians, inflation had a large negative impact on their household regarding gas. At the end of 2021, the cost of living and inflation were the first things Canadians mentioned when asked what the next government's priority should be.

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.

Canada Core Inflation Nowcast: sa: Contribution: Energy: Regular Gasoline Price: Avg Retail incl Taxes: Simple data was reported at 0.095 % in 17 Mar 2025. This stayed constant from the previous number of 0.095 % for 10 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Energy: Regular Gasoline Price: Avg Retail incl Taxes: Simple data is updated weekly, averaging 0.095 % from Jan 2018 (Median) to 17 Mar 2025, with 376 observations. The data reached an all-time high of 36.499 % in 18 Feb 2019 and a record low of 0.000 % in 18 Nov 2024. Canada Core Inflation Nowcast: sa: Contribution: Energy: Regular Gasoline Price: Avg Retail incl Taxes: Simple data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

Cost of food in Canada increased 1.30 percent in February 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.

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.

The average retail price for regular, unleaded gasoline at self-service stations in Canada was 157.7 Canadian cents per liter in February 2025. This was an increase compared to the previous month. Canada's gasoline prices are generally higher than those in the United States, but lower than in many European countries. Why do gasoline prices fluctuate? Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price. Canada's fuel station industry Motor fuel is primarily sold via nearly 12,000 retail gasoline stations spread across the country. In 2022, retail sales of gasoline stations in Canada reached a new peak of 82.78 billion Canadian dollars.

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.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Canada (CANCP040000CTGYM) from Dec 2015 to Jan 2025 about water, fuels, electricity, Canada, gas, CPI, price index, indexes, and price.

Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on March of 2025.

Canada Consumer Price Index (CPI): All Items excl Gasoline data was reported at 160.700 2002=100 in Feb 2025. This records an increase from the previous number of 159.000 2002=100 for Jan 2025. Canada Consumer Price Index (CPI): All Items excl Gasoline data is updated monthly, averaging 117.900 2002=100 from Jan 1998 (Median) to Feb 2025, with 326 observations. The data reached an all-time high of 160.700 2002=100 in Feb 2025 and a record low of 91.400 2002=100 in Jan 1998. Canada Consumer Price Index (CPI): All Items excl Gasoline 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.

Since July 2020, the inflation rate in Canada has been increasing at a steady pace. It amounted to 0.1 percent at that time, but had reached 6.9 percent by October 2022, a rise that was mainly driven by rising gas prices.
By the end of April 2023, the Consumer Price Index (CPI) of Canada, which is the official measure of inflation, had increased by 0.7 percent from the previous month.

Price for diesel fuel of Canada sank by 37.07% from 1.16 US dollars/liter in 2014 to 0.73 US dollars/liter in 2016. Since the 13.89% jump in 2012, price for diesel fuel plummeted by 40.65% in 2016. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.

Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada (CANCPIENGMINMEI) from Jan 1961 to Jan 2025 about Canada, energy, CPI, price index, indexes, and price.

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.

Basket weights of major components, gasoline, and selected special aggregates of the Consumer Price Index (CPI) basket, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit, last 5 years of the CPI basket. Includes price period of the weights as either weights at basket link month prices or weights at basket reference period prices. Weights are shown in percentage terms.