Canadian Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in August, up from a 1.7% increase in July

Published September 16, 2025

Analysis: Excluding gasoline, the CPI rose 2.4% in August, after increasing 2.5% in each of the previous three months. In August, prices for meat rose 7.2% year over year, following a 4.7% increase in July. Higher prices for fresh or frozen beef (+12.7%) and processed meat (+5.3%) put upward pressure on the index in August. Inflation is smoldering in the background and will get worst.

Here is a 5-year chart:

Canadian inflation chart

Canadian inflation by product group

The Daily — Consumer Price Index, August 2025