Canada Inflation Rate

Last Release

Sep 30, 2025

Actual

2.4

Units In

1.9

Frequency

Monthly

Next Release

Nov 17, 2025

Time to Release

25 Days 16 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 annual inflation rate in Canada rose to 2.4% in September of 2025 from 1.9% in the previous month, overshooting market expectations of 2.3% to mark the highest inflation rate since February. It was the first time inflation crossed the Bank of Canada's 2% threshold in six months. Base-year effects drove gasoline deflation to ease to 4.1% from 12.7% in August, with the drop in crude oil prices preventing a rebound in fuel prices. Consequently, transportation costs rose by 1.5% annually from the 0.5% drop last month. The CPI accelerated for food (3.8% vs 3.4% in August) due to a pickup in inflation for groceries (4% vs 3.5%), owed to a rebound in prices of vegetables 1.9% vs -2%) and a surge in sugar and confectionery (9.2% vs 5.8%). In turn, inflation rose for household operations (2.4% vs 2.1%) and recreation, education, and reading (1.6% vs 0.5). The mean core inflation rate, closely watched by the BoC, held at the one-year high of 3.2%, contrasting with expectations of 3%.