Canada Inflation Rate

Last Release

Aug 31, 2025

Actual

1.9

Units In

1.7

Frequency

Monthly

Next Release

Oct 21, 2025

Time to Release

1 Months 2 Days 4 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 rose to 1.9% in August 2025, from 1.7% in July, but below the expected 2% and staying below the BoC’s 2% midpoint for the fifth straight month. The smaller year-on-year decline in gasoline prices (-12.7% vs -16.1% in July) was a key factor behind the pickup in headline inflation. Excluding gasoline, the CPI rose 2.4% in August, after increasing 2.5% in each of the previous three months. At the same time, food inflation ticked up (3.4% vs 3.3%), mainly due to higher prices of meat (7.2% vs 4.7%). Meanwhile, prices for shelter, representing almost 30% of the CPI basket, increased 2.6% in August, easing from 3% in July as both mortgage and rent costs moderated. On a monthly basis, the CPI edged down by 0.1%, after a 0.3% increase in July and compared with estimates of no change. The trimmed-mean core CPI, which is closely followed by the BoC for underlying inflation, eased to 3% in August, down from 3.1% in July, matching market forecasts.