Canada inflation rate (CPI)
All-items Consumer Price Index for Canada, percentage change from the same month of the previous year, not seasonally adjusted.
| Current value | 2.8 percent |
|---|---|
| In force from | 2026-06-01 |
| In force until | 2026-06-30 |
| Official source | Statistics Canada, The Daily, 'Consumer Price Index, June 2026', released 20 July 2026; underlying data Table 18-10-0004-01 (Consumer Price Index, monthly, not seasonally adjusted). CPI is compiled under the authority of the Statistics Act, RSC 1985, c. S-19 |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
All-items CPI rose 2.8% year over year in June 2026, decelerating from 3.2% in May. This is the freshest possible reading — the release landed on 20 July 2026, the same day as last_confirmed. Drivers: the deceleration was led by gasoline, which rose 20.5% y/y in June versus 33.2% in May; excluding gasoline, CPI was unchanged from May at 2.2%. On a month-over-month basis the all-items index FELL 0.4% in June (not seasonally adjusted), the largest monthly decline since December 2024; on a seasonally adjusted basis it fell 0.1%, the first decline since April 2025 (-0.2%). The headline sits above the Bank of Canada's 2% inflation target but inside its 1-3% control range, and the Bank held the policy rate at 2.25% five days before this print. Two measurement caveats matter for anyone comparing 2026 figures to 2025: (a) the temporary federal GST/HST holiday of 14 December 2024 to 15 February 2025 mechanically depressed the price level in those months and then unwound, producing base-year effects that distorted year-over-year readings through February 2026 — Statistics Canada explicitly attributes February 2026's drop to 1.8% to the expiry of that effect; (b) the CPI basket was updated in 2026 on 2025 expenditure weights. Statistics Canada also publishes the Bank of Canada's preferred core measures (CPI-trim, CPI-median, CPI-common) in Table 18-10-0256-01; those are not served here — this series is headline all-items. statcan.gc.ca serves clean HTML and is reliably fetchable; releases follow a fixed monthly schedule roughly three weeks after month-end.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-01-01 | 2.3 | — |
| 2026-02-01 | 1.8 | — |
| 2026-03-01 | 2.4 | — |
| 2026-04-01 | 2.8 | — |
| 2026-05-01 | 3.2 | — |
Get it programmatically
curl https://usaref.dev/v1/ca/cpi
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://usaref.dev/v1/ca/cpi/history?from=2020-01-01
# Provenance: curl https://usaref.dev/provenance/ca/cpiOther Canada series: policy interest rate · VAT rate · minimum wage · public holidays · corporate tax rate · income tax rates · official exchange rates