Canada Inflation Rate

Last Release

Jul 31, 2025

Actual

1.7

Units In

1.9

Frequency

Monthly

Next Release

Sep 16, 2025

Time to Release

26 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
21.6 Jun 1920	-17.8 Jun 1921	3.14 %	1915-2025	Statistics Canada

In Canada, the most important categories in the CPI basket are Shelter (27.5 percent of the total weight) and Transportation (19.3 percent). Food accounts for 16.1 percent; Household Operations, Furnishings and Equipment for 11.8 percent; Recreation, Education and Reading for 11.8 percent; Clothing and Footwear for 5.7 percent; Health and Personal Care for 5 percent; Alcoholic Beverages and Tobacco Products for the remaining 3 percent. The CPI basket is reviewed every four years on the basis of household surveys. The current weights are based on spending patterns in 2009.

Latest Updates

The annual inflation rate in Canada eased to 1.7% in July 2025, from 1.9% in June and below market forecasts of 1.8%, staying beneath the BoC’s 2% mid-point for a fourth consecutive month. Gasoline prices, down 16.1% in July after a 13.4% fall in June, remained the main drag on CPI, as the removal of the consumer carbon levy in April kept weighing on energy costs. Excluding gas, prices rose 2.5%, matching the pace in May and June. Meanwhile, higher grocery costs and a smaller decline in natural gas tempered the slowdown. Both food and shelter costs picked up pace, rising 3.3% and 3%, respectively, compared with 2.9% each in June. The trimmed-mean core CPI, which is closely followed by the BoC for underlying inflation, remained at 3% in July, unchanged for the third straight month. On a monthly basis, the CPI rose by 0.3% in July, after a 0.1% increase in June and matching market estimates.