Canada · data to Sep 2026
How's inflation?
OK.
Prices are rising 3.1% a year, just outside the Bank of Canada's 1 to 3% target range.
For context: 3.1% is higher than 61% of all 1341 figures since 1915.
Prices, year over year
Annual change in consumer prices, against the Bank of Canada's target range
The strip under the chart shows the verdict each period would get by today's rules:Good OK Bad
See the latest numbers
| Period | Value | Verdict |
|---|---|---|
| Sep 2026 | 3.1% | OK |
| Aug 2026 | 3.0% | OK |
| Jul 2026 | 3.0% | OK |
| Jun 2026 | 2.8% | Good |
| May 2026 | 3.2% | OK |
| Apr 2026 | 2.8% | Good |
| Mar 2026 | 2.4% | Good |
| Feb 2026 | 1.8% | Good |
| Jan 2026 | 2.3% | Good |
| Dec 2025 | 2.4% | Good |
| Nov 2025 | 2.2% | Good |
| Oct 2025 | 2.2% | Good |
Source: Statistics Canada, Consumer Price Index, all-items, annual % change (table 18-10-0004) · Series v41690973 · Latest Sep 2026
How we judged this
What we test: The latest figure (prices, year over year). Right now that's 3.1%.
- Good if from 1.0% to under 3.0%
- OK if from 0.5% to under 1.0%
- OK if from 3.0% to under 4.0%applies now
- Bad if anything the rules above don’t cover
Rules are checked from the top. The first one that fits decides the verdict.
About this data
- Measure
- Prices, year over year
- Latest
- 3.1% (Sep 2026)
- Published
- Monthly, by Statistics Canada
- Verdict counts for
- Equal weight with the others in the overall verdict
Inflation is how fast prices are rising. A little is normal and healthy. A lot means your pay and savings buy less each year.
The Bank of Canada aims for 2%, the middle of a 1 to 3% range.
Very low inflation counts against the economy too: it usually comes with weak demand.