Inflation in Canada
Canada's consumer price inflation rate stood at 1.94% in January 2030, as measured by the year-over-year change in the Consumer Price Index (CPI). Source: Statistics Canada (StatCan).
At 1.9%, Canada's inflation rate is below the median of 2.2% among major economies tracked by WorldPulse. Among the G10 and major emerging markets, Brazil has the highest rate at 5.5%, while France has the lowest at 1.9%.
Series
10
With Data
10
Categories
3
Last Updated
2030-01-01
What Are the Latest Inflation Numbers for Canada?
| Indicator | Value | Date |
|---|---|---|
| ca-energy-cpi | 136.49 | 2025-03-01 |
| ca-food-inflation | 3.19% | 2025-03-01 |
| ca-inflation:forecast:imf | 1.94% | 2030-01-01 |
| ca-energy-inflation | -0.34% | 2025-03-01 |
| weo-can-inflation | 1.94% | 2030-01-01 |
| ca-core-cpi | 127.77 | 2025-03-01 |
| ca-core-inflation | 2.43% | 2025-03-01 |
| ca-inflation | 2.32% | 2025-03-01 |
| ca-cpi | 129.18 | 2025-03-01 |
| ca-food-cpi | 135.28 | 2025-03-01 |
Data available via API: GET /api/v1/topics/inflation/countries/ca
Canada Headline Inflation
Canada Core Inflation
Canada CPI Components
Data Sources and Methodology
Canada inflation data on WorldPulse is sourced from Statistics Canada (StatCan) via automated data pipelines. Data is updated automatically as new CPI releases are published, typically on a monthly basis.
All time series are point-in-time reconstructed: historical values reflect what was originally published, not retroactively revised figures. This is critical for backtesting and research applications where contamination-free data is required.
Frequently Asked Questions
What is the current inflation rate in Canada?
As of January 2030, Canada's annual inflation rate is 1.94%, as published by Statistics Canada (StatCan). This figure represents the year-over-year change in the Consumer Price Index (CPI), measuring how the average price of consumer goods and services has changed compared to the same month of the previous year. WorldPulse updates this data automatically as new official statistics are released.
What is Canada's inflation target?
Canada's central bank targets an inflation rate of 2% (Bank of Canada, within 1–3% range). Central banks use interest rate policy as their primary tool to keep inflation near this target. When inflation exceeds the target, the central bank typically raises interest rates to reduce borrowing and slow demand; when inflation falls below target, rates are lowered to stimulate economic activity.
How is inflation measured in Canada?
Inflation in Canada is primarily measured using the Consumer Price Index (CPI), which tracks the average price change of a fixed basket of consumer goods and services over time. Statistics Canada (StatCan) publishes CPI data covering categories such as food, housing, transportation, healthcare, and apparel. The year-over-year percentage change in CPI is the standard inflation rate reported in official statistics and media.
What drives inflation in Canada?
Inflation in Canada is influenced by both domestic and global factors. Domestic drivers include monetary policy (interest rates set by the central bank), fiscal spending, wage growth, and housing costs. Global factors include commodity prices (especially energy and food), supply chain conditions, and exchange rate movements. The IMF notes that "pass-through from global commodity prices to domestic inflation varies significantly across economies depending on their trade openness and exchange rate regime."
Where can I find historical inflation data for Canada?
WorldPulse provides free access to 10 Canada inflation time series, including headline CPI, core inflation, and producer prices. Historical data is available via the WorldPulse API and updated automatically from official statistical sources. All data is point-in-time reconstructed, meaning historical values reflect what was originally published rather than retroactively revised figures.
Compare Inflation Across Countries
Categories
Data Source
Official data published by Statistics Canada (StatCan). Retrieved and processed via WorldPulse automated pipeline.
API Access
# Inflation in Canada
GET /api/v1/topics/inflation/countries/ca