Canadian inflation rate
Canada inflation summary for May 2025
Updated: June 24, 2025
Next update: July 15, 2025
Current Canada inflation rate
May 2025
1.7%
The Consumer Price Index for Canada is 164.3 for the month of May 2025. The inflation rate year over year is 1.7% (compared to 1.7% for the previous month). Inflation from April 2025 to May 2025 was 0.6%.
Previous Canada Inflation Rate
April 2025 to May 2025
0.6%
Month-to-Month Canada Inflation Rate
April 2025
1.7%
Recent inflation rates for Canada
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.9% | 2.6% | 2.3% | 1.7% | 1.7% | ||||||||
| 2024 | 2.9% | 2.8% | 2.9% | 2.7% | 2.9% | 2.7% | 2.5% | 2.0% | 1.6% | 2.0% | 1.9% | 1.8% | 2.4% |
| 2023 | 5.9% | 5.2% | 4.3% | 4.4% | 3.4% | 2.8% | 3.3% | 4.0% | 3.8% | 3.1% | 3.1% | 3.4% | 3.9% |
| 2022 | 5.1% | 5.7% | 6.7% | 6.8% | 7.7% | 8.1% | 7.6% | 7.0% | 6.9% | 6.9% | 6.8% | 6.3% | 6.8% |
| 2021 | 1.0% | 1.1% | 2.2% | 3.4% | 3.6% | 3.1% | 3.7% | 4.1% | 4.4% | 4.7% | 4.7% | 4.8% | 3.4% |
Additional resources
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.