Inflation Rate and Consumer Price Index
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Canadian inflation rate

Canada inflation summary for August 2022

Updated: September 20, 2022
Next update: October 19, 2022

Current Canada inflation rate

August 2022
7.0%
The Consumer Price Index for Canada is 152.6 for the month of August 2022. The inflation rate year over year is 7.0% (compared to 7.6% for the previous month). Inflation from July 2022 to August 2022 was -0.3%.

Previous Canada Inflation Rate

July 2022 to August 2022
-0.3%

Month-to-Month Canada Inflation Rate

July 2022
7.6%

Recent inflation rates for Canada

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20225.1%5.7%6.7%6.8%7.7%8.1%7.6%7.0%
20211.0%1.1%2.2%3.4%3.6%3.1%3.7%4.1%4.4%4.7%4.7%4.8%3.4%
20202.4%2.2%0.9%-0.2%-0.4%0.7%0.1%0.1%0.5%0.7%1.0%0.7%0.7%
20191.4%1.5%1.9%2.0%2.4%2.0%2.0%1.9%1.9%1.9%2.2%2.2%1.9%
20181.7%2.2%2.3%2.2%2.2%2.5%3.0%2.8%2.2%2.4%1.7%2.0%2.3%
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.