KYC Economic Conditions - CPI (Consumer Price Index)

Key inflation indicators and the target range used by the Bank of Canada, Monthly

2026-08
Total CPI (%): 3CPI-trim (%): 1.9CPI-median (%): 2Target range upper (%): 3Target range lower (%): 1
View raw data table
Raw chart data
MonthTotal CPI (%)CPI-trim (%)CPI-median (%)Target range upper (%)Target range lower (%)
1995-01—1.81.7——
1995-02—1.81.8——
1995-03—1.91.8——
1995-04—2.11.9——
1995-05—2.32.1——
1995-06—2.32.1——
1995-07—2.22.1——
1995-08—2.12.1——
1995-09—2.22——
1995-10—22——
1995-11—1.91.7——
1995-12—1.71.5——
1996-011.61.51.531
1996-021.31.51.431
1996-031.51.41.331
1996-041.41.21.331
1996-051.51.21.231
1996-061.51.21.331
1996-071.31.21.231
1996-081.51.11.231
1996-091.51.11.331
1996-101.81.31.331
1996-111.91.41.431
1996-122.21.41.431
1997-012.21.31.431
1997-022.31.31.331
1997-031.91.31.331
1997-041.71.31.331
1997-051.51.21.331
1997-061.71.31.231
1997-071.71.11.131
1997-081.81.21.231
1997-091.71.1131
1997-101.511.131
1997-110.90.80.931
1997-120.80.80.931
1998-011.11.11.131
1998-0211.11.231
1998-0310.91.131
1998-040.90.91.231
1998-051.10.91.231
1998-0610.91.231
1998-0711.11.231
1998-080.91.11.231
1998-090.711.231
1998-101.11.21.231
1998-111.21.21.331
1998-1211.11.231
1999-010.711.131
1999-020.711.131
1999-0311.21.131
1999-041.61.31.131
1999-051.51.31.131
1999-061.61.21.131
1999-071.91.31.231
1999-082.11.31.131
1999-092.61.61.331
1999-102.31.51.331
1999-112.21.51.331
1999-122.61.61.531
2000-012.21.51.331
2000-022.71.61.431
2000-0331.61.431
2000-042.21.51.431
2000-052.41.61.531
2000-062.81.81.631
2000-072.91.81.631
2000-082.61.91.731
2000-092.71.81.631
2000-102.81.91.731
2000-113.221.831
2000-123.22.11.931
2001-0132.2231
2001-022.92.22.131
2001-032.42.22.231
2001-043.52.42.231
2001-053.92.42.231
2001-063.42.42.231
2001-072.72.52.331
2001-082.82.42.231
2001-092.62.32.331
2001-101.92.22.231
2001-110.61.9231
2001-120.71.9231
2002-011.322.131
2002-021.42231
2002-031.92231
2002-041.72.1231
2002-051.12231
2002-061.21.92.131
2002-072.11.9231
2002-082.52.12.231
2002-092.32.12.231
2002-103.22.12.131
2002-114.42.32.231
2002-123.82.22.231
2003-014.52.22.231
2003-024.72.32.431
2003-034.22.22.431
2003-042.922.231
2003-052.81.92.231
2003-062.61.9231
2003-072.11.82.131
2003-0821.7231
2003-092.21.81.931
2003-101.61.7231
2003-111.61.71.931
2003-122.11.7231
2004-011.31.71.831
2004-020.71.61.631
2004-030.81.41.531
2004-041.71.61.631
2004-052.41.61.631
2004-062.51.61.631
2004-072.31.71.631
2004-081.81.71.631
2004-091.81.61.731
2004-102.31.71.731
2004-112.41.91.931
2004-122.11.91.931
2005-011.91.71.831
2005-022.11.71.831
2005-032.31.9231
2005-042.41.81.831
2005-051.61.81.831
2005-061.71.81.931
2005-0721.71.831
2005-082.61.71.831
2005-093.21.81.831
2005-102.61.81.931
2005-1121.71.831
2005-122.11.61.731
2006-012.81.81.831
2006-022.21.71.831
2006-032.21.81.931
2006-042.41.71.931
2006-052.81.9231
2006-062.41.71.931
2006-072.32231
2006-082.12.2231
2006-090.72.32.131
2006-1012.42.131
2006-111.42.52.231
2006-121.72.52.231
2007-011.12.52.231
2007-0222.82.531
2007-032.32.82.431
2007-042.22.82.531
2007-052.22.82.531
2007-062.22.92.731
2007-072.22.72.531
2007-081.72.52.531
2007-092.52.52.731
2007-102.42.42.531
2007-112.52.22.331
2007-122.42.22.431
2008-012.22.32.631
2008-021.82.22.531
2008-031.422.431
2008-041.72.32.631
2008-052.22.32.431
2008-063.12.32.531
2008-073.42.52.631
2008-083.52.52.731
2008-093.42.52.531
2008-102.62.52.631
2008-1122.72.731
2008-121.22.72.731
2009-011.12.52.531
2009-021.42.42.531
2009-031.22.42.531
2009-040.422.231
2009-050.122.231
2009-06-0.31.92.131
2009-07-0.91.61.931
2009-08-0.81.51.731
2009-09-0.91.31.731
2009-100.11.31.731
2009-1111.31.831
2009-121.31.31.731
2010-011.91.31.731
2010-021.61.31.731
2010-031.41.11.631
2010-041.81.31.731
2010-051.41.21.631
2010-0611.11.531
2010-071.81.31.631
2010-081.71.21.631
2010-091.91.31.631
2010-102.41.51.731
2010-1121.31.431
2010-122.41.41.631
2011-012.31.31.631
2011-022.21.21.431
2011-033.31.61.831
2011-043.31.51.831
2011-053.71.81.931
2011-063.11.81.931
2011-072.71.81.931
2011-083.122.131
2011-093.22.1231
2011-102.921.931
2011-112.92.12.131
2011-122.31.91.931
2012-012.52.1231
2012-022.62.22.131
2012-031.91.91.931
2012-0422.1231
2012-051.21.71.731
2012-061.51.51.631
2012-071.31.51.731
2012-081.21.51.631
2012-091.21.31.631
2012-101.21.31.631
2012-110.81.21.631
2012-120.81.21.731
2013-010.511.431
2013-021.21.21.631
2013-0311.21.631
2013-040.40.91.531
2013-050.71.11.631
2013-061.21.31.831
2013-071.31.31.731
2013-081.11.11.631
2013-091.11.31.631
2013-100.71.21.631
2013-110.91.31.531
2013-121.21.41.631
2014-011.51.51.731
2014-021.11.31.531
2014-031.51.51.631
2014-0421.61.731
2014-052.31.81.831
2014-062.41.81.831
2014-072.11.61.731
2014-082.11.71.731
2014-0921.71.831
2014-102.41.71.831
2014-1121.71.831
2014-121.51.61.831
2015-0111.71.831
2015-0211.61.831
2015-031.21.61.831
2015-040.81.41.631
2015-050.91.51.731
2015-0611.51.631
2015-071.31.71.831
2015-081.31.61.831
2015-0911.71.731
2015-1011.71.831
2015-111.41.81.931
2015-121.61.8231
2016-0121.8231
2016-021.41.81.931
2016-031.31.8231
2016-041.71.92.131
2016-051.51.9231
2016-061.522.131
2016-071.31.9231
2016-081.11.9231
2016-091.31.8231
2016-101.51.82.131
2016-111.21.61.931
2016-121.51.61.831
2017-012.11.61.831
2017-0221.51.831
2017-031.61.41.631
2017-041.61.41.631
2017-051.31.21.631
2017-0611.21.531
2017-071.21.31.631
2017-081.41.41.631
2017-091.61.41.631
2017-101.41.41.531
2017-112.11.71.731
2017-121.91.81.731
2018-011.71.81.831
2018-022.22231
2018-032.31.91.931
2018-042.22231
2018-052.21.91.931
2018-062.51.9231
2018-0732.11.931
2018-082.82.1231
2018-092.221.931
2018-102.42231
2018-111.71.91.931
2018-1221.91.931
2019-011.41.91.931
2019-021.52231
2019-031.92.22.131
2019-0422231
2019-052.42.22.131
2019-0622.12.131
2019-0722.12.131
2019-081.92231
2019-091.922.131
2019-101.92.12.131
2019-112.22.22.131
2019-122.22.12.131
2020-012.422.131
2020-022.21.91.931
2020-030.91.81.831
2020-04-0.21.81.931
2020-05-0.41.51.831
2020-060.71.71.831
2020-070.11.61.831
2020-080.11.61.831
2020-090.51.7231
2020-100.71.82.131
2020-1111.92.131
2020-120.71.82.131
2021-0111.92.231
2021-021.122.231
2021-032.22.22.331
2021-043.42.42.331
2021-053.62.82.631
2021-063.12.82.731
2021-073.73.22.931
2021-084.13.4331
2021-094.43.53.131
2021-104.73.5331
2021-114.73.63.131
2021-124.843.431
2022-015.14.23.731
2022-025.74.5431
2022-036.754.431
2022-046.85.34.931
2022-057.75.65.231
2022-068.15.75.231
2022-077.65.65.331
2022-0875.45.131
2022-096.95.55.231
2022-106.95.55.431
2022-116.85.45.331
2022-126.35.25.231
2023-015.954.931
2023-025.24.74.731
2023-034.34.24.431
2023-044.44.14.231
2023-053.43.63.831
2023-062.83.63.831
2023-073.33.53.831
2023-0843.83.931
2023-093.83.53.831
2023-103.13.43.531
2023-113.13.53.731
2023-123.43.73.831
2024-012.93.43.731
2024-022.83.23.431
2024-032.93.23.331
2024-042.72.9331
2024-052.93.13.231
2024-062.733.131
2024-072.52.82.831
2024-0822.62.631
2024-091.62.62.531
2024-1022.82.731
2024-111.92.72.631
2024-121.82.52.431
2025-011.92.82.531
2025-022.62.92.731
2025-032.32.92.731
2025-041.73.13.131
2025-051.732.931
2025-061.93.12.931
2025-071.73.1331
2025-081.93331
2025-092.43.13.131
2025-102.232.931
2025-112.22.92.831
2025-122.42.72.631
2026-012.32.42.531
2026-021.82.32.331
2026-032.42.22.331
2026-042.822.131
2026-053.222.131
2026-062.81.91.931
2026-0731.9231
2026-0831.9231
Source: Bank of Canada

Information

Data:

Total CPI, CPI-trim, CPI-median, and inflation-control target range (monthly).

Info:

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.

Insights:

1)Three Differentiating Factors Behind Canada's GDP among G7

2)Without those 3 tricks and the historically low-interest-rate environment, what would be left?

Latest Data: Aug 2026

Latest figures for the Bank of Canada's key inflation indicators (year-over-year % change), as of Aug 2026. Source: Bank of Canada.

  • Total CPI: 3.0% (unchanged from Jul 2026, up 1.1 percentage points from Aug 2025).
  • CPI-trim: 1.9% (unchanged from Jul 2026, down 1.1 percentage points from Aug 2025).
  • CPI-median: 2.0% (unchanged from Jul 2026, down 1.0 percentage points from Aug 2025).
Recent data (12 periods)
PeriodTotal CPICPI-trimCPI-median
Aug 20263.0%1.9%2.0%
Jul 20263.0%1.9%2.0%
Jun 20262.8%1.9%1.9%
May 20263.2%2.0%2.1%
Apr 20262.8%2.0%2.1%
Mar 20262.4%2.2%2.3%
Feb 20261.8%2.3%2.3%
Jan 20262.3%2.4%2.5%
Dec 20252.4%2.7%2.6%
Nov 20252.2%2.9%2.8%
Oct 20252.2%3.0%2.9%
Sep 20252.4%3.1%3.1%