Canada Inflation Rate MoM
Month-on-month change in the consumer price index.
Inflation Rate MoM in Canada decreased to -0.06 percent in Aug 2026 from 0.53 percent in Jul 2026.
Canada Inflation Rate MoM — History
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Canada Inflation Rate MoM — analysis in simple words
Latest reading
Inflation Rate MoM in Canada decreased to -0.06 percent in Aug 2026 from 0.53 percent in Jul 2026.
Over the last three months it rose once and fell twice.
Recent trend
A year earlier (Aug 2025) it was -0.06%, so the latest figure is 0.00 percentage points higher.
Over the past five years the average was 0.29%, with a range from -0.58% to 1.43%. The latest value is below that five-year average.
Historical context
This data series starts in Jan 1950 and has 920 monthly observations. The latest reading is higher than 14% of all of them.
The highest value on record is 2.63% (Jan 1991) and the lowest is -1.31% (Jun 1959). The long-run average is 0.29%.
Compared with other countries
Among 44 economies with recent data, Canada ranks 36th from the top. The median across all these economies is 0.15%, so Canada is below the typical country.
Among 17 major economies tracked on this site it ranks 17th.
Statistics
- Latest
- -0.06%Aug 2026
- Previous
- 0.53%
- 5-year average
- 0.29%
- Long-run average
- 0.29%since Jan 1950
- All-time high
- 2.63%Jan 1991
- All-time low
- -1.31%Jun 1959
- Observations
- 920Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Aug 2026 | -0.06% | ▼ −0.59 pp |
| Jul 2026 | 0.53% | ▲ +0.89 pp |
| Jun 2026 | -0.35% | ▼ −1.31 pp |
| May 2026 | 0.95% | ▲ +0.59 pp |
| Apr 2026 | 0.36% | ▼ −0.55 pp |
| Mar 2026 | 0.90% | ▲ +0.36 pp |
| Feb 2026 | 0.55% | ▲ +0.55 pp |
| Jan 2026 | 0.00% | ▲ +0.24 pp |
| Dec 2025 | -0.24% | ▼ −0.30 pp |
| Nov 2025 | 0.06% | ▼ −0.18 pp |
| Oct 2025 | 0.24% | ▲ +0.18 pp |
| Sep 2025 | 0.06% | ▲ +0.12 pp |
| Aug 2025 | -0.06% | ▼ −0.36 pp |
| Jul 2025 | 0.30% | ▲ +0.24 pp |
| Jun 2025 | 0.06% | ▼ −0.49 pp |
| May 2025 | 0.55% | ▲ +0.61 pp |
| Apr 2025 | -0.06% | ▼ −0.37 pp |
| Mar 2025 | 0.31% | ▼ −0.75 pp |
| Feb 2025 | 1.05% | ▲ +0.99 pp |
| Jan 2025 | 0.06% | ▲ +0.43 pp |
| Dec 2024 | -0.37% | ▼ −0.37 pp |
| Nov 2024 | 0.00% | ▼ −0.43 pp |
| Oct 2024 | 0.43% | ▲ +0.87 pp |
| Sep 2024 | -0.43% | ▼ −0.25 pp |
| Aug 2024 | -0.19% | ▼ −0.62 pp |
| Jul 2024 | 0.43% | ▲ +0.50 pp |
| Jun 2024 | -0.06% | ▼ −0.62 pp |
| May 2024 | 0.56% | ▲ +0.06 pp |
| Apr 2024 | 0.50% | ▼ −0.13 pp |
| Mar 2024 | 0.63% |
Inflation Rate MoM — Canada vs Peers
Latest available reading for each economy (periods may differ). Canada highlighted.
More Canada indicators
Understanding Inflation Rate MoM — a simple guide
What it measures
The change in the consumer price index compared with the previous month.
How it is calculated
(CPI this month ÷ CPI last month − 1) × 100.
If the CPI index rose from 200.0 to 200.6, monthly inflation is 0.3%.
A high monthly reading shows prices are rising quickly right now.
A negative reading means prices fell compared with last month.
Why it matters for the economy and markets
Monthly changes show the latest momentum in prices, months before it fully shows up in the year-on-year rate.
How to read it
Monthly numbers are small: 0.2% a month is about 2.4% a year. Some months are always higher (festivals, harvest effects), so compare the same month across years.
What to look at alongside it
Year-on-year inflation and core inflation.
Key terms
- MoM
- Month-on-month: compared with the previous month.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD CPI MoM), monthly data from Jan 1950 to Aug 2026. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current inflation rate mom of Canada?
What is the highest and lowest inflation rate mom of Canada?
What does inflation rate mom measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.