Inflation in Canada accelerates to 2.4% in December, but key measures ease

Inflation numbers leave economists split on whether Bank of Canada should hold or cut interest rates

Here's what economists think the inflation data mean for the Bank of Canada and interest rates. Find out more here

UPDATE 2-Inflation in Canada accelerates to 2.4% in December, but key measures ease

Consumer prices in ‌Canada rose a faster-than-expected 2.4% in December, largely due to the base effect of the previous year's sales tax break, but closely watched core measures of inflation cooled for the third consecutive month, data showed on Monday.

December inflation rate 2.4 per cent, 2.1 per cent for all of 2025

Statistics Canada released two reports on inflation Monday morning, one detailing inflation for December and the other for all of 2025.

Canada's inflation up from 2.2% to 2.4% in December

The consumer price index (CPI) in Canada rose 2.4% year-on-year in December, up from 2.2% in November, Statistics Canada said on Monday. Gasoline prices fell 13.8% annually, after a 7.8% decline in No...

Canada Inflation Ticks Up to 2.4% on Base Effects as Core Eases

Inflation accelerated in Canada by more than expected as a federal tax holiday at the end of 2024 pushed yearly price comparisons higher, offsetting falling gasoline costs.

Inflation in Canada accelerates to 2.4% in December, but key measures ease

Consumer prices in Canada rose at a faster-than-expected pace of 2.4% ​in December, largely due to the base-year effect from last year's sales tax ‌break, but closely-watched core measures of inflation cooled for the third consecutive month, data showed on Monday.