Canada CPI

Data Prices

Source: Statistics Canada
Source Link: https://www.statcan.gc.ca/
Frequency: Monthly
Next Release(s): March 16th, 2026 8:30 AM

Latest Updates

Canada’s CPI rose +2.3% YoY (vs +2.4% prior) and was 0.0% MoM in January, reflecting modest inflation deceleration.
- CPI excluding gasoline increased +3.0% YoY (unchanged vs December), indicating underlying inflation was steady despite the softer headline rate.
- CPI excluding food and energy rose +2.4% YoY (down from +2.5%), showing a slight moderation in core price growth.
- Gasoline prices fell -16.7% YoY (vs -13.8%) and rose +0.5% MoM, making fuel the largest contributor to the headline slowdown due mainly to base effects.
- Restaurant meal prices increased +12.3% YoY and other formerly tax exempt items rose sharply, including store bought alcohol +7.9% YoY, bar alcohol +9.0% YoY, toys and hobby goods +8.7% YoY, and children’s clothing +6.3% YoY, reflecting the fading impact of the prior GST/HST break.
- Cellular service prices rose +4.9% YoY (down from +14.6%) and declined -0.8% MoM, providing downward pressure after earlier increases.
- Food purchased from stores rose +4.8% YoY (vs +5.0%), partly due to fresh fruit prices falling -3.1% YoY after previously rising.
- Shelter prices rose +1.7% YoY, the first sub 2% increase in nearly five years, with rent +4.3% YoY (vs +4.9%) and mortgage interest costs +1.2% YoY (vs +1.7%), indicating continued cooling in housing related inflation.
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Canada’s CPI fell -0.2% MoM (+0.3% SA) and rose +2.4% YoY (vs +2.2% YoY expected) in December 2025, with headline inflation accelerating due to a tax base effect.
- Headline CPI increased +2.4% YoY in December, up from +2.2% in November, with the acceleration attributed to the prior-year GST/HST break (beginning December 14, 2024) dropping out of the YoY comparison and putting upward pressure on the annual rate.
- CPI excluding gasoline rose +3.0% YoY in December (vs +2.6% in November), indicating firmer underlying inflation when removing energy effects.
- Gasoline prices fell -13.8% YoY in December (vs -7.8% in November) and declined -7.1% MoM, partially offsetting the tax-driven upward pressure on the headline CPI.
- Food purchased from stores was unchanged MoM but rose +5.0% YoY, continuing an upward trend, with coffee (+30.8% YoY) and fresh/frozen beef (+16.8% YoY) cited as major contributors.
- Restaurant food prices rose +8.5% YoY (vs +3.3% in November), identified as the largest contributor to the faster YoY increase in all-items CPI, alongside alcoholic beverages served in licensed establishments (+6.5% YoY).
- Other categories also saw faster YoY increases, including alcoholic beverages purchased from stores (+5.6%), toys/games (ex-video games) and hobby supplies (+7.5% after -0.5% in November), children’s clothing (+4.8% vs +2.4%), potato chips/snack products (+7.9%), and confectionery (+14.2%).
- Travel-related inflation was mixed, with air transportation down -0.8% YoY (less negative than -5.9% in November) but up +34.5% MoM, while travel tours fell -3.2% YoY (vs -8.2% in November) and rose +3.6% MoM, attributed to higher prices for U.S. destinations.
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Canada’s CPI rose +0.1% MoM (+0.2% SA) and +2.2% YoY (vs 2.3% YoY expected) in November 2025, holding steady amid offsetting goods and services moves.
- Headline CPI increased +2.2% YoY, unchanged from October, as slower services inflation was balanced by firmer goods prices.
- CPI excluding gasoline rose +2.6% YoY for a third consecutive month, indicating stable underlying inflation.
- Services inflation eased to +2.8% YoY (from +3.2%), driven by declines in travel tours (-8.2% YoY) and traveller accommodation (-6.9% YoY), alongside slower rent growth.
- Rent prices rose +4.7% YoY (Oct: +5.2%), remaining elevated but decelerating across most regions.
- Grocery prices accelerated to +4.7% YoY (from +3.4%), the fastest pace since December 2023, with a +1.9% MoM increase, the largest since January 2023.
- Gasoline prices declined -7.8% YoY (Oct: -9.4%) but rose +1.8% MoM, reflecting refinery disruptions despite lower annual levels.
- Cellular services prices increased +12.7% YoY (Oct: +7.7%), offsetting some services disinflation as fewer promotions reduced monthly price declines.
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Canada’s CPI rose +2.2% YoY in October (Sep: +2.4% YoY) and +0.2% MoM (+0.1% MoM SA), reflecting a modest deceleration driven mainly by a sharper decline in gasoline prices.
- Gasoline prices fell -9.4% YoY (Sep: -4.1% YoY) and dropped -4.8% MoM, contributing most to the overall slowdown as winter blends and lower crude prices pulled pump prices down.
- CPI excluding gasoline increased +2.6% YoY, unchanged from September, indicating underlying inflation held steady despite headline easing.
- Grocery prices rose +3.4% YoY (Sep: +4.0% YoY) and fell -0.6% MoM, the largest monthly decline since 2020, though food inflation continued to outpace the all-items index.
- Fresh vegetables declined -1.4% YoY, while fresh or frozen chicken accelerated to +6.2% YoY, partly offsetting the broader food slowdown.
- Cellular services rose +7.7% YoY, the first annual increase since April 2023, and jumped +8.2% MoM as several carriers raised plan prices.
- Multipurpose digital device prices fell -7.7% YoY, extending a 26-month run of declines and helping balance rising service costs.
- Homeowners’ insurance increased +6.8% YoY and auto insurance +7.3% YoY, with Alberta seeing the largest gains, adding to persistent housing and transportation-related cost pressures.
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Canada’s CPI rose +2.4% YoY in September 2025 (Aug: +1.9% YoY) and +0.1% MoM (+0.4% MoM seasonally adjusted), marking a modest acceleration driven by smaller gasoline declines and faster food price growth.
- Gasoline prices fell -4.1% YoY (Aug: -12.7% YoY) but increased +1.9% MoM, with refinery disruptions in the U.S. and Canada lifting monthly prices.
- CPI excluding gasoline rose +2.6% YoY (Aug: +2.4% YoY), reflecting broader price pressures beyond energy.
- Food purchased from stores increased +4.0% YoY (Aug: +3.5% YoY), led by fresh vegetables (+1.9% YoY vs -2.0% prior) and sugar/confectionery (+9.2% YoY vs +5.8% prior).
- Travel tour prices fell -1.3% YoY (Aug: -9.3% YoY) but surged +4.6% MoM as major events in Europe and U.S. destinations boosted hotel costs.
- Clothing and footwear prices slowed to +0.8% YoY (Aug: +1.7% YoY) and declined -0.3% MoM, the first September monthly drop since 1998.
- Tuition fees increased +1.7% YoY, similar to 2024 (+1.8% YoY), with the smallest rise since 1976 excluding 2019.
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Canada’s CPI rose +1.9% YoY in August 2025 (vs +1.7% YoY in July) but fell -0.1% MoM (+0.2% MoM seasonally adjusted), as smaller gasoline declines lifted headline inflation while travel services and fresh fruit prices softened.
- Gasoline prices fell -12.7% YoY (vs -16.1% in July) but rose +1.4% MoM, with higher refining margins offsetting lower crude costs.
- CPI excluding gasoline increased +2.4% YoY, slightly below the +2.5% pace of the prior three months.
- Shelter prices rose +2.6% YoY, while food purchased from stores increased +3.5% YoY.
- Meat prices accelerated to +7.2% YoY (vs +4.7% in July), led by fresh/frozen beef (+12.7%) and processed meat (+5.3%).
- Fresh fruit prices fell -1.1% YoY after a +3.9% rise in July, driven by declines in grapes, berries, and cherries.
- Clothing and footwear prices rose +1.7% YoY (vs +0.8% in July), partly due to a base-year effect, and +0.3% MoM.
- Travel services prices dropped -3.8% YoY, with travel tours down -9.3% YoY; however, accommodation costs rose +2.9% MoM, boosted by tourism in Atlantic provinces.
- Air transportation prices fell -7.6% YoY, moderating from -10.6% in July.
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Canada’s CPI rose 0.3% MoM and 1.7% YoY (vs 1.7% YoY expected) in July 2025 (down from 1.9% YoY in June), reflecting easing headline inflation mainly due to lower energy prices.
- CPI (ex food and energy) was 2.5% YoY, down from 2.6% YoY in June.
- Excluding gasoline, CPI increased 2.5% YoY, unchanged from May and June, highlighting persistent underlying inflation.
- Gasoline prices fell -16.1% YoY (vs -13.4% YoY in June) and -0.7% MoM, continuing to drive the slowdown in the headline index.
- Shelter prices rose 3.0% YoY (vs 2.9% in June), with rent up 5.1% YoY and natural gas prices falling at a slower pace (-7.3% YoY vs -14.1% in June).
- Grocery prices accelerated to +3.4% YoY (from 2.8% YoY), led by sharp gains in confectionery (+11.8%), coffee (+28.6%), and fresh fruit (+3.9% YoY).
- Mortgage interest costs moderated, rising 4.8% YoY (vs 5.6% in June), easing some pressure within the shelter component.
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Canada’s CPI rose 0.1% MoM and 1.9% YoY in June 2025, up from 1.7% YoY in May, driven by firmer prices for durable goods and shelter, while gasoline continued to weigh on the headline rate.
- CPI excluding energy rose 2.7% YoY, and CPI excluding food and energy increased 2.6% YoY.
- Gasoline prices fell -0.7% MoM and -13.4% YoY, continuing to drag on transportation (-0.6% YoY).
- Durable goods rose 0.3% MoM and 2.7% YoY, led by a 4.1% YoY increase in passenger vehicle prices.
- Food and shelter both rose 2.9% YoY, while clothing and footwear prices rose 2.0% YoY.
- Services inflation held at 3.0% YoY, while goods prices remained soft at just 0.5% YoY.
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Canada’s CPI rose 0.6% MoM and 1.7% YoY in May 2025, matching April’s annual rate, as energy price declines continued to weigh on the headline figure while core inflation remained elevated.
- Excluding energy, CPI rose 2.7% YoY, while CPI ex-food and energy increased 2.6% YoY.
- Gasoline prices rose 1.9% MoM but remained down -15.5% YoY due to base effects and the removal of the carbon levy.
- Shelter inflation held steady MoM and rose 3.0% YoY, with mortgage interest costs up 6.2% YoY and rent growth slowing to 4.5% YoY (from 5.2% YoY).
- Food prices increased 0.5% MoM and 3.4% YoY, including a 3.3% YoY rise in store-bought food.
- Prices for new passenger vehicles rose 4.9% YoY in May, after increasing 4.6% in April.
- Services CPI rose 0.7% MoM and 3.2% YoY; goods prices were up 0.5% MoM and down -0.1% YoY, dragged down by a -1.1% YoY drop in non-durable goods.
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Canada’s CPI fell -0.1% MoM (vs -0.2% MoM expected) and was up 1.7% YoY (vs 1.6% YoY expected) in April, down from 2.3% YoY in March and the lowest since September 2024.
- The moderation in inflation was heavily impacted by energy which fell -7.9% MoM and -12.7% YoY. Gas prices fell -1.6% MoM and -18.1% YoY.
- Excluding energy, the CPI rose 2.9% YoY in April, following a 2.5% YoY increase in March.
- In April, prices for food purchased from stores grew at a faster pace, increasing 3.8% YoY compared with 3.2% YoY in March.
- Core CPI (ex-food and energy) inflation was 0.3% MoM and 2.6% YoY in April , up from 2.4% YoY in March.
- Services CPI increased 0.6% MoM and 3.5% YoY, up from 3.1% YoY in March, while goods CPI fell -1.0% MoM and -0.5% YoY, down from +1.3% YoY in March.
- Moderating the slowdown in the CPI in April were higher prices for travel tours (+6.7% MoM) and food purchased from stores (+3.8% MoM).
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Canada’s CPI increased 0.3% MoM (vs 0.6% MoM expected) and 2.3% YoY in March, down from 2.6% YoY in February and below expectations of the rate remaining unchanged at 2.6% YoY.
- Gas prices were down -1.8% MoM and -1.6% YoY in March, a sharp reversal from the 5.1% YoY increase in February.
- Food prices jumped 1.7% MoM and were up 3.2% YoY.
- CPI excluding food and energy was up 0.2% MoM and 2.4% YoY in March, down from 2.9% YoY in February.
- Goods prices were up 0.3% MoM and 1.3% YoY, and services prices were up 0.3% MoM and 3.1% YoY.
- Outside of gasoline, key weak segments were household operations & goods (-0.3% MoM) and recreation & education (-0.8% MoM).
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Canada’s CPI increased 1.1% MoM and 2.6% YoY in February, up from 1.9% YoY and above the 2.2% YoY forecast.
- Energy prices increased 0.5% MoM, and food prices increased 1.9% MoM.
- Goods prices increased 0.8% MoM, and services prices increased 1.2% MoM.
- Core CPI increased 0.7% MoM and 2.7% YoY, up from 2.1% YoY.
- With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers are included in the CPI.
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