Canada Inflation Rate

Last Release

Mar 31, 2025

Actual

2.3

Units In

2.6

Frequency

Monthly

Next Release

May 20, 2025

Time to Release

1 Months 2 Days 15 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 fell to 2.3% in March of 2025 from eight-month high of 2.6% in the previous month, below market expectations that it would remain at 2.6% and below forecasts by the central bank of 2.5%. The decrease kicked off the normalization of the inflation rate forecasted by the BoC this year after end of goods and services tax (GST) and harmonized tax (HST) breaks halfway last month triggered a 0.6 percentage point increase in the headline inflation rate. Prices reversed for gasoline (-1.6% vs 5.1% in February) amid the aggressive drop in crude oil prices after OPEC+ confirmed plans to raise output, driving transportation inflation to slow (1.2% vs 3%). In the meantime, promotions by carriers drove cellular costs to plunge 8.8% (vs -3.7%). On the other hand, the first full month without tax breaks drove food costs to jump (3.2% vs 1.3%), mainly due to food from restaurants (3.2% vs -1.4%). From the previous month, prices rose by 0.3%.