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The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of a fixed basket of goods and services.
The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers.
The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in August, increasing at the slowest pace since February 2021, and down from a 2.5% gain in July 2024. The deceleration in headline inflation in August was due, in part, to lower prices for gasoline, due to a combination of lower prices and a base-year effect.
In Canada, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. Compare Consumer Price Index CPI by Country. Consumer Price Index CPI in Canada decreased to 161.80 points in August from 162.10 points in July of 2024.
Monthly indexes for major components and special aggregates of the Consumer Price Index (CPI), seasonally adjusted, for Canada. Data are presented for the current month and previous four months. The base year for the index is 2002=100.
Monthly indexes and percentage changes for all components and special aggregates of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse, Yellowknife and Iqaluit.
On July 28, 2021, with the release of the June 2021 Consumer Price Index (CPI), Statistics Canada updated the expenditure weights for the basket of goods and services used in the calculation of the index.
The annual inflation rate in Canada fell to 2.5% in July of 2024 from 2.7% in the previous month, matching market expectations, to mark the softest increase in consumer prices since March of 2021.
The Consumer Price Index rose 6.8% on an annual average basis in 2022, following gains of 3.4% in 2021 and of 0.7% in 2020. The increase in 2022 was a 40-year high, the largest increase since 1982 (+10.9%). Excluding energy, the annual average CPI rose 5.7% in 2022 compared with 2.4% in 2021.
Canada's consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by a decline in the growth of food prices, Statistics Canada said Tuesday.