-
Canada Consumer Price Index, September 2025
The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in September, up from a 1.9% increase in August. On a year-over-year basis, gasoline prices fell less in September (-4.1%) compared with August (-12.7%) due to a base-year effect, leading to an acceleration in headline inflation. Excluding gasoline, the CPI rose 2.6% in September, after increasing 2.4% in August. A slower year-over-year decline in prices for travel tours (-1.3%) and a larger increase in prices for food purchased from stores (+4.0%) also contributed to the upward pressure in the all-items CPI in September. The CPI rose 0.1% month over ... (full story)
-
Inflation in Canada picks up steam, rising to 2.4% in September
The annual inflation rate in Canada picked up steam, rising to 2.4 per cent in September, according to Statistics Canada data published Tuesday. Financial industry observers had expected the inflation rate to increase to 2.2 per cent, according to consensus estimates published by CIBC Economics. In August, CPI rose to 1.9 per cent year-over-year, with gasoline prices down from a year prior but not as significantly as in previous months. In a note published Monday, National Bank of Canada economists Taylor Schleich and Ethan Currie wrote that unless recent inflation trends were “totally derailed/recast” by ... (full story)