Canada Inflation Rate

Last Release

Oct 31, 2025

Actual

2.2

Units In

2.4

Frequency

Monthly

Next Release

Dec 15, 2025

Time to Release

26 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
21.6 Jun 1920	-17.8 Jun 1921	3.13 %	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 headline inflation rate in Canada fell to 2.2% in October of 2025 from 2.4% in the previous month, loosely converging toward the 2% threshold in the near term as projected in the Bank of Canada's baseline scenario. Gasoline prices sank by 9.4% from the previous year, picking up from the 4.1% deflation rate last month as the persistent view of an oversupplied global crude oil market pressured prices in the sector. Consequently, transportation inflation slowed to 0.7% from 1.7%. Price growth also eased for food (3.4% vs 3.8% in September) due to lower price growth for food preparations (3.2%), while inflation also eased for shelter (2.5% vs 2.6%). In the meantime, costs of cellular services jumped by 7.7% to record their first increase in over two years amid price hikes by several major wireless providers. Inflation also rose for mortgage insurance (6.8%) and car insurance (7.3%). Meanwhile, the trimmed-mean core inflation rate, which is closely tracked by the BoC, inched down to 3%.