The Canadian Consumer Price Index (CPI) measures the month-over-month change in the price of a fixed basket of goods and services consumed by Canadian households. It provides a timely look at inflationary trends and is a critical component for the Bank of Canada's interest rate decisions. The basket includes eight major components such as shelter, food, and transportation. This monthly figure helps investors gauge the immediate pace of price changes in the economy.
Statistics Canada collects price data for approximately 600 items across the country. The index is calculated by comparing the current cost of the basket to its cost in the previous month, weighted by household expenditure patterns.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jan 19, 2026 | 2.70 | 2.70 | 0.00 |
| Dec 15, 2025 | 2.80 | 2.90 | -0.10 |
| Oct 21, 2025 | 3.10 | 3.00 | +0.10 |
| Sep 16, 2025 | 3.00 | 3.00 | 0.00 |
| Aug 19, 2025 | 3.00 | 3.10 | -0.10 |
| Jul 15, 2025 | 3.10 | 3.00 | +0.10 |
| Jun 24, 2025 | 3.00 | 3.00 | 0.00 |
| May 20, 2025 | 3.20 | 2.90 | +0.30 |
| Apr 15, 2025 | 2.80 | 3.00 | -0.20 |
| Mar 18, 2025 | 2.90 | 2.80 | +0.10 |
| Jan 21, 2025 | 2.50 | 2.50 | 0.00 |
| Dec 17, 2024 | 2.60 | 2.40 | +0.20 |
| Oct 15, 2024 | 2.40 | 2.50 | -0.10 |
| Sep 17, 2024 | 2.30 | 2.20 | +0.10 |
| Aug 20, 2024 | 2.70 | 2.80 | -0.10 |
| Jul 16, 2024 | 2.90 | 2.80 | +0.10 |
| Jun 25, 2024 | 2.80 | 2.60 | +0.20 |
| May 21, 2024 | 2.60 | 2.70 | -0.10 |
| Apr 16, 2024 | 3.10 | 3.20 | -0.10 |
| Mar 19, 2024 | 3.10 | 3.20 | -0.10 |
| Jan 16, 2024 | 3.70 | 3.50 | +0.20 |
| Dec 19, 2023 | 3.50 | 3.30 | +0.20 |
| Oct 17, 2023 | 3.70 | 3.80 | -0.10 |
| Sep 19, 2023 | 4.10 | 4.00 | +0.10 |
| Aug 15, 2023 | 3.70 | 3.70 | 0.00 |
| Jul 18, 2023 | 3.90 | 3.60 | +0.30 |
| Jun 27, 2023 | 3.90 | 3.80 | +0.10 |
| May 16, 2023 | 4.20 | 4.40 | -0.20 |
| Apr 18, 2023 | 4.60 | 4.80 | -0.20 |
| Mar 21, 2023 | 4.80 | 4.90 | -0.10 |
| Jan 17, 2023 | 5.30 | 5.20 | +0.10 |
| Dec 21, 2022 | 5.00 | 5.20 | -0.20 |
| Oct 19, 2022 | 5.20 | 5.10 | +0.10 |
| Sep 20, 2022 | 5.20 | 5.50 | -0.30 |
| Aug 16, 2022 | 5.00 | 5.30 | -0.30 |
| Jul 20, 2022 | 5.50 | 5.20 | +0.30 |
| Jun 22, 2022 | 5.40 | 5.50 | -0.10 |
| May 18, 2022 | 5.10 | 4.60 | +0.50 |
| Apr 20, 2022 | 3.80 | 3.70 | +0.10 |
| Mar 16, 2022 | 4.30 | 3.50 | +0.80 |
| Jan 19, 2022 | 3.70 | 3.50 | +0.20 |
| Dec 15, 2021 | 3.40 | 3.00 | +0.40 |
