Inflation Rate in Canada increased to 2.40 percent in September from 1.90 percent in August of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Canada increased 3.80 percent in September 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.

Core consumer prices in Canada increased 2.80 percent in September 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.

View monthly updates and historical trends for Canada Inflation Rate. Source: Statistics Canada. Track economic data with YCharts analytics.

Monthly indexes and percentage changes for all 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.

Services Inflation in Canada increased to 3 percent in September from 2.80 percent in August of 2025. This dataset includes a chart with historical data for Canada Services Inflation.

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's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at 8.1 percent in June 2022 before steadily declining to 1.8 percent by December 2024. In early 2025, inflation began to increase again, rising to 2.6 percent in February, and dropping to 1.7 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 5.25 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 3.5 percent in December 2024. In 2025, the bank rate witnessed two cuts, standing at three percent in August 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 9.1 percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching 5.33 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 5.25 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.

Monthly indexes and percentage changes for selected sub-groups of the food component of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse and Yellowknife. 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.

Unemployment Rate in Canada remained unchanged at 7.10 percent in September. This dataset provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

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.

Core Inflation Rate MoM in Canada increased to 0.20 percent in September from 0 percent in August of 2025. This dataset includes a chart with historical data for Canada Core Inflation Rate MoM.

Consumer Price Index CPI in Canada increased to 164.90 points in September from 164.80 points in August 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.

Energy Inflation in Canada decreased by 2.62 percent in September from -8.30 percent in August of 2025. This dataset includes a chart with historical data for Canada Energy Inflation.

The Consumer Price Index in Canada increased 0.10 percent in September of 2025 over the previous month. This dataset provides - Canada Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

CPI Trimmed-Mean in Canada increased to 3.10 percent in September from 3 percent in August of 2025. This dataset includes a chart with historical data for Canada CPI Trimmed-mean YoY.

The transportation sub-index of the CPI basket in Canada decreased to 171.80 points in September of 2025 from 172.70 points in August of 2025. This dataset provides - Canada Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

CPI Housing Utilities in Canada increased to 188.20 points in September from 188 points in August of 2025. This dataset provides - Canada Cpi Shelter- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average House Prices in Canada decreased to 686800 CAD in September from 687600 CAD in August of 2025. This dataset includes a chart with historical data for Canada Average House Prices.