Canada Inflation Rate
How much consumer prices are rising compared with a year ago.
3.1%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Canada economy16 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.Inflation Rate
Jan 2015 to Sep 2026
Source: OECD live prices system · CPI, all items, year on year.
Canada Inflation Rate in context
Worked out from the published series shown above.
In Canada, the inflation rate rose by 0.7pp over the year to Sep 2026, from 2.4% in Sep 2025.
Over the past five years it has ranged from 1.6% in Sep 2024 to 8.1% in Jun 2022.
Its average since Jan 2015 is 2.5%, and the latest reading is above that.
Canada is 41st of 62 countries in our Inflation Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- OECD
- Series
- live
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not seasonally adjusted
- Latest observation
- Sep 2026
- Revision status
- Latest published estimate, subject to revision
The Bank of Canada targets 2% inflation.
Data refreshed 2026-10-28. Figures are the latest published observations and can be revised.
More Canada indicators
Latest readings. Open any one for its full history.
Rankings
See every country we track, side by side.