2023 CPI and Inflation Rates for Canada

This table shows the monthly All-Items Consumer Price Index (CPI-U) and annual inflation rates for Canada in 2023. You can find upcoming CPI release dates on our schedule page. These Canadian inflation rate numbers are released by Statistics Canada.

MonthCPIMonthly Inflation Rate (%)Yearly Inflation Rate (%)
January153.90.55.9
February154.50.45.2
March155.30.54.3
April156.20.74.4
May157.00.43.4
June157.20.12.8
July153.10.63.3
August158.70.44.0
September158.5-0.13.8
October158.6
0.13.1
November158.80.13.1
December158.3-0.33.4
Annual155.3140.4574.186