As of June 2024, the annual change in the CPI was 2.7%. This article explains what the CPI is and what it means for Canadian consumers.
What is the CPI?
The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of a fixed basket of goods and services. For more information. To learn more, click here.
For a video overview of the CPI, click here.
To view a chart of the annual change over the past 10 years, click here to view.
Statistics Canada is the government agency that updates the CPI and other key statistical data required to determine who Canada’s economy changes over time. Click here for more information.