Economy

Canadian Inflation Rate (CPI)

Canada's inflation rate, measured by the Consumer Price Index (CPI), tracks how the prices of a fixed basket of goods and services change over time. Statistics Canada publishes monthly CPI data covering all major spending categories including food, shelter, transportation, and recreation.

As of recent data, Canadians have experienced significant shifts in purchasing power driven by housing costs, food prices, and energy. The Bank of Canada targets a 2% annual inflation rate, using monetary policy tools to keep CPI within the 1–3% control range. Explore the full breakdown by province and product category below.