Inflation Rate in Canada increased to 1.90 percent in June from 1.70 percent in May of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Canada was 1.74 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.32 percent. Compared to a year ago, we see a decrease from the inflation...

Cost of food in Canada increased 2.90 percent in June 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, monthly percent change in the CPI in Canada, April, 2025 The most recent value is -0.06 percent as of April 2025, a decline compared to the previous value of 0.31 percent. Historically, the average for Canada from February 1960 to April 2025 is 0.3 percent. The minimum of -1.04 percent was recorded in November 2008, while the maximum of 2.63 percent was reached in February 1991. | TheGlobalEconomy.com

Core consumer prices in Canada increased 2.70 percent in June 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.

2022 and 2023 were characterized by leaping inflation rates. These were caused by a multiple of factors, but post-corona (COVID-19) challenges and the Russian invasion of Ukraine in February that year had a major impact. However, the inflation rates in all countries included were forecast to stabilize through 2022 and 2023. More information about global inflation can be found here.

Canada: Inflation forecast: The latest value from 2030 is 2.01 percent, an increase from 1.9 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Canada from 1980 to 2030 is 2.91 percent. The minimum value, 0.04 percent, was reached in 1994 while the maximum of 12.36 percent was recorded in 1981.

Inflation Expectations in Canada decreased to 4.04 percent in the second quarter of 2025 from 4.09 percent in the first quarter of 2025. This dataset includes a chart with historical data for Canada Inflation Expectations.

Canada Inflation Nowcast data was reported at 2.470 % in 12 May 2025. This stayed constant from the previous number of 2.470 % for 05 May 2025. Canada Inflation Nowcast data is updated weekly, averaging 2.767 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 7.882 % in 08 Aug 2022 and a record low of -0.344 % in 13 Jul 2020. Canada Inflation Nowcast 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: Headline.

Services Inflation in Canada decreased to 3 percent in June from 3.20 percent in May of 2025. This dataset includes a chart with historical data for Canada Services Inflation.

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 Inflation Nowcast: Contribution: Commodity Prices: Commodity Price Index: Agriculture data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Canada Inflation Nowcast: Contribution: Commodity Prices: Commodity Price Index: Agriculture data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 27.827 % in 08 Feb 2021 and a record low of 0.000 % in 12 May 2025. Canada Inflation Nowcast: Contribution: Commodity Prices: Commodity Price Index: Agriculture 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: Headline.

Inflation, consumer prices (annual %) in Canada was reported at 2.3816 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Canada Core Inflation Nowcast: sa: Contribution: Commodity Prices data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Canada Core Inflation Nowcast: sa: Contribution: Commodity Prices data is updated weekly, averaging 0.166 % from Jan 2018 (Median) to 12 May 2025, with 384 observations. The data reached an all-time high of 40.205 % in 19 Mar 2018 and a record low of 0.000 % in 12 May 2025. Canada Core Inflation Nowcast: sa: Contribution: Commodity Prices 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.

The statistic shows the gross domestic product (GDP) in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product in Canada was around 2.41 trillion U.S. dollars. The economy of Canada Canada is the second biggest country in the world after Russia and the biggest country in North America. Despite its large size, Canada has a relatively small population of just around 35.9 million people. However, the total population in Canada is estimated to grow to around 37.5 million inhabitants in 2020. The standard of living in the country is pretty high, the life expectancy as of 2013 in Canada ranks as one of the highest in the world. In addition, the country ranks number eight on the Human Development Index (HDI) worldwide. All key factors point to a stable and sustainable economy. Not only is Canada’s population increasing, but the economy has been slowly recovering after the global financial crisis in 2008. The unemployment rate in Canada in 2010 was at approximately 8 percent (263696). Today, the unemployment rate in Canada is estimated to be around 6.8 percent, and it is estimated to decrease further. During the financial crisis in 2008, Canada's inflation rate amounted to around 2.4 percent. By 2013, the inflation rate was at less than 1 percent in comparison to the previous year. Canada is considered to be one of the world’s wealthiest countries. By value of private financial wealth, Canada ranked seventh along with Italy. In addition, its gross domestic product per capita in 2014 was among the largest in the world and during the same year, its gross domestic product increased by over 2.5 percent in comparison to the previous year. Canada’s economic growth has been a result of its political stability and economic reforms following the global financial crisis. In the period between 2009 and 2010, Canada was among the leading countries with the highest political stability in the world.

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.

Canada Inflation Nowcast: Contribution: Money Market: Canadian Overnight Repo Rate Average: CORRA data was reported at 2.854 % in 12 May 2025. This stayed constant from the previous number of 2.854 % for 05 May 2025. Canada Inflation Nowcast: Contribution: Money Market: Canadian Overnight Repo Rate Average: CORRA data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 37.767 % in 08 Aug 2022 and a record low of 0.000 % in 14 Apr 2025. Canada Inflation Nowcast: Contribution: Money Market: Canadian Overnight Repo Rate Average: CORRA 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: Headline.

Canada Core Inflation Nowcast: sa data was reported at 2.865 % in 12 May 2025. This records an increase from the previous number of 2.820 % for 05 May 2025. Canada Core Inflation Nowcast: sa data is updated weekly, averaging 2.537 % from Jan 2018 (Median) to 12 May 2025, with 384 observations. The data reached an all-time high of 5.440 % in 08 Aug 2022 and a record low of 1.565 % in 08 Jan 2018. Canada Core Inflation Nowcast: sa 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.