Canada Inflation Rate

Last Release

Jun 30, 2025

Actual

1.9

Units In

1.7

Frequency

Monthly

Next Release

Aug 19, 2025

Time to Release

1 Months 1 Days 23 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 June of 2025 from 1.7% in the previous month, aligned with market expectations. Despite the pickup, the rate remained below the Bank of Canada's mid-point target of 2% for the third straight month, consistent with the central bank's forecast that price growth should rise as tariffs and supply-disruptions may threaten material shortages. Deflation slowed sharply for fuel (-13.4% vs -15.5% in May) due to base effects, driving similar developments in overall transportation costs (-0.6% vs -1.4%). Durable goods also lifted the inflation rate, with prices accelerating for passenger vehicles (5.2% vs 4.9%) and furniture (3.3% vs 0.1%). In turn, inflation slowed for food (2.9% vs 3.4%) amid softer price growth for groceries, and shelter (2.9% vs 3%). The trimmed-mean core CPI, which the BoC uses as its main gauge for underlying inflation, was unchanged at 3% as expected.