Canada Inflation Rate

Last Release

Apr 30, 2025

Actual

1.7

Units In

2.3

Frequency

Monthly

Next Release

Jun 24, 2025

Time to Release

1 Months 2 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 fell to 1.7% in April of 2025 from 2.3% in the previous month, slightly above market expectations of 1.6%, but still reflecting the softest increase in consumer prices in seven months. The slowdown was driven by a decline in energy prices (-1.7% vs -0.3% in March) as the removal of the consumer carbon tax magnified the impact that OPEC oil output hikes had on energy prices. Consequently, prices fell for gasoline (-18.1% vs -1.6%) and natural gas (-14.1% vs 6.4%), lowering costs for transportation (-1.9% vs 1.2%). Also, inflation slowed for shelter (3.4% vs 3.9%). On the other hand, costs accelerated for travel tours (6.7%), groceries (3.8% vs 3.2%), household operations, furnishings, and equipment (1.1% vs 0.8%), and recreation, education, and reading (1.4% vs 0.9%). The trimmed-mean core CPI, which is closely followed by the BoC for underlying inflation, unexpectedly accelerated to 3.1%, the highest in two years.