The CPI in Canada fell 0.1% month-over-month in August 2026, following a 0.5% rise in July and compared to forecasts of a flat reading. Food prices were down 0.2% and gasoline dropped 0.9%. Inflation Rate MoM in Canada averaged 0.29 percent from 1950 until 2026, reaching an all time high of 2.60 percent in January of 1991 and a record low of -1.30 percent in June of 1959. source: Statistics Canada
Inflation Rate MoM in Canada is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Inflation Rate MoM is projected to trend around 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.