Inflation Rate and Consumer Price Index
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Canadian inflation rate

Canada inflation summary for October 2020

Updated: November 18, 2020
Next update: December 16, 2020

Current Canada inflation rate

October 2020
0.7%
The Consumer Price Index for Canada is 137.5 for the month of October 2020. The inflation rate year over year is 0.7% (compared to 0.5% for the previous month). Inflation from September 2020 to October 2020 was 0.4%.

Previous Canada Inflation Rate

September 2020 to October 2020
0.4%

Month-to-Month Canada Inflation Rate

September 2020
0.5%

Recent inflation rates for Canada

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20202.4%2.2%0.9%-0.2%-0.4%0.7%0.1%0.1%0.5%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%
20172.1%2.0%1.6%1.6%1.3%1.0%1.2%1.4%1.6%1.4%2.1%1.9%1.6%
20162.0%1.4%1.3%1.7%1.5%1.5%1.3%1.1%1.3%1.5%1.2%1.5%1.4%
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.