Services Inflation in Canada increased to 3.40 percent in January from 3.30 percent in December of 2025. Services Inflation in Canada averaged 4.21 percent from 1962 until 2026, reaching an all time high of 13.89 percent in March of 1982 and a record low of 0.46 percent in August of 2020. source: Statistics Canada

Components	Last	Previous	Unit	Reference
Inflation Rate YoY	2.30	2.40	percent	Jan 2026

Related	Last	Previous	Unit	Reference
Raw Materials Prices YoY	8.00	3.50	percent	Jan 2026
Consumer Price Index CPI	165.00	165.00	points	Jan 2026
Core Consumer Prices	160.60	160.20	points	Jan 2026
Core Inflation Rate YoY	2.60	2.80	percent	Jan 2026
Core Inflation Rate MoM	0.20	-0.40	percent	Jan 2026
CPI Housing Utilities	189.60	189.70	points	Jan 2026
CPI Median YoY	2.50	2.60	Percent	Jan 2026
CPI Transportation	170.20	172.60	points	Jan 2026
CPI Trimmed-Mean YoY	2.40	2.70	Percent	Jan 2026
Export Prices	139.60	140.20	points	Dec 2025
Food Inflation	7.30	6.20	percent	Jan 2026
GDP Implicit Price	130.10	129.10	points	Sep 2025
Import Prices	137.10	137.60	points	Dec 2025
Inflation Expectations	4.10	4.00	percent	Dec 2025
Inflation Rate MoM	0.00	-0.20	percent	Jan 2026
PPI MoM	-0.60	1.10	percent	Dec 2025
Producer Prices	137.40	133.80	points	Jan 2026
PPI YoY	5.40	4.30	percent	Jan 2026
Rent Inflation	4.30	4.90	percent	Jan 2026
Services Inflation	3.40	3.30	percent	Jan 2026
Raw Materials Prices MoM	150.50	149.80	points	Dec 2025