This table shows the monthly All-Items Consumer Price Index (CPI-U) and annual inflation rates for Ontario in 2023. You can find upcoming CPI release dates on our schedule page. These Ontario inflation rate numbers are released by Statistics Canada.
| Month | CPI | Monthly Inflation Rate (%) | Yearly Inflation Rate (%) |
|---|---|---|---|
| January | 155.7 | 0.6 | 5.6 |
| February | 156.4 | 0.4 | 5.1 |
| March | 157.3 | 0.6 | 4.3 |
| April | 157.9 | 0.4 | 4.2 |
| May | 158.5 | 0.4 | 3.1 |
| June | 158.4 | -0.1 | 2.6 |
| July | 159.6 | 0.8 | 3.2 |
| August | 159.9 | 0.2 | 3.8 |
| September | 159.7 | -0.1 | 3.6 |
| October | 160.3 | 0.4 | 3.3 |
| November | 160.6 | 0.2 | 3.3 |
| December | 160.0 | -0.4 | 3.4 |
| Annual | 157.963 | 0.386 | 3.988 |
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