Inflation Rate and Consumer Price Index
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Canadian inflation rate

Canada inflation summary for January 2021

Updated: February 17, 2021
Next update: March 17, 2021

Current Canada inflation rate

January 2021
1.0%
The Consumer Price Index for Canada is 138.2 for the month of January 2021. The inflation rate year over year is 1.0% (compared to 0.0% for the previous month). Inflation from December 2020 to January 2021 was 0.6%.

Previous Canada Inflation Rate

December 2020 to January 2021
0.6%

Month-to-Month Canada Inflation Rate

December 2020
0.0%

Recent inflation rates for Canada

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20211.0%
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%
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%
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.