Canada Inflation Rate
3.0%▲ +0.23 pt
Jul 2026 · Monthly
Canada's annual inflation rate rose to 3.03% in July 2026 from 2.80% in June. The reading remained below the all-time high of 21.65% in June 1920 but was the highest since May 2026, when it was 3.23%. The data series dates back to January 1915.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 3.0% | 2.8% | 21.6%Jun 1920 | -17.8%Jul 1921 | 1915 – 2026 | Monthly |
About this series
Inflation Rate in Canada averaged 2.2% from 1915 until 2026, reaching an all-time high of 21.6% in Jun 1920 and a record low of -17.8% in Jul 1921. The series is reported monthly with history from 1915.
The inflation rate measures the year-over-year change in consumer prices for Canada, expressed as a percentage. It is reported monthly and covers the period from January 1915 to the present. The data provides a broad gauge of price movements in the Canadian economy.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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