CPI inflation, 12-month change, Canada

Overview

Over the last five years the series ranged from 1.64% (September 2024) to 8.13% (June 2022). Since January 2007 the full range is -0.95% (July 2009) to 8.13% (June 2022).

Key facts

Unit: percent. Source: Statistics Canada, table 18-10-0004-01, 2026-09-30. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. For our calculations: Adapted from Statistics Canada, table 18-10-0004-01, 2026-09-30. This does not constitute an endorsement by Statistics Canada of this product.

The latest reading of 3.09% in September 2026 is below its five-year average of 3.67% and above its ten-year average of 2.75%. It is higher than 83% of all 237 readings since January 2007. It has risen for 3 readings in a row up to September 2026. Over the last 12 readings, from October 2025 to September 2026, it averaged 2.60%, with a high of 3.23% in May 2026 and a low of 1.78% in February 2026. In the last ten years the largest rise from one reading to the next was in April 2021, to 3.39% from 2.20% in March 2021, and the largest fall was in March 2020, to 0.89% from 2.16% in February 2020.

Among the last 9 complete years, the average was highest in 2022, at 6.80%, and lowest in 2020, at 0.72%.

The same measure elsewhere: 3.74% in the United States (September 2026, CPI inflation, 12-month change); 3.94% in Australia (Q2 2026, CPI inflation, change from a year earlier); 3.10% in the United Kingdom (August 2026, CPI inflation, 12-month rate). Definitions differ between countries; each page gives its own.

Percent change in the all-items CPI from the same month a year earlier.

CPI inflation, 12-month change is published monthly by Statistics Canada in its Table 18-10-0004-01 release. It is measured in percent and is not seasonally adjusted. EconoMonitor holds all 237 readings since January 2007, keeps earlier values when the publisher revises them, and compares each release with the downloaded file before it is shown. Formula: (ca_cpi / ca_cpi 12 months earlier - 1) x 100.

• Formula: (ca_cpi / ca_cpi 12 months earlier - 1) x 100.
• Frequency: monthly; seasonal adjustment: NSA.
• Unit: percent.
• Release: Table 18-10-0004-01, published by Statistics Canada.
• Source series code: .
• Methodology: how EconoMonitor stores and checks this series.

Definitions of the other measures quoted on this page: CPI inflation, 12-month change (US), CPI inflation, change from a year earlier (AU), CPI inflation, 12-month rate (UK). Source: U.S. Bureau of Labor Statistics. EconoMonitor is not affiliated with or endorsed by BLS. Source: Australian Bureau of Statistics, Consumer Price Index (6401.0), 2026-06-30 (CC BY 4.0). Figures calculated by EconoMonitor are based on ABS data. EconoMonitor is not affiliated with or endorsed by the ABS. Source: Office for National Statistics. Contains public sector information licensed under the Open Government Licence v3.0. EconoMonitor is not affiliated with or endorsed by the ONS.

Source: Statistics Canada, table 18-10-0004-01, 2026-09-30. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. For our calculations: Adapted from Statistics Canada, table 18-10-0004-01, 2026-09-30. This does not constitute an endorsement by Statistics Canada of this product. Checks for this release: Check A passed, Check B passed.

Data and analysis only, not financial advice. Data publishers do not endorse EconoMonitor. See the disclaimer and methodology.