Monthly Consumer Price Index in Canada 2020-2023

Published by S. Galan, Jul 4, 2024
By June 2023, the Consumer Price Index had reached 157.2 in Canada. This represented an increase of 20 points compared to June 2020.
The Consumer Price Index (CPI) is an instrument for measuring inflation. It estimates the average change in the prices of products consumed by households between two given periods and is based on the observation of a fixed basket of goods and services.
In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year.

Monthly Consumer Price Index (CPI) in Canada from June 2020 to June 2023

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Release date

July 2023

Region

Canada

Survey time period

June 2020 to June 2023

Supplementary notes

Base: 2002 = 100. The year 2002 is the base year used to calculate the index value. Adapted from Statistics Canada, statcan.gc.ca, June 2020 to June 2023. This does not constitute an endorsement by Statistics Canada of this product.

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