The Toronto skyline in Canada

Canada Inflation September 2023

Canada: Inflation drops in September

Inflation edged down to 3.8% in September from August’s 4.0%, undershooting market expectations. The reading was driven by moderating price pressures for housing, food and recreation and culture. That said, inflation remained above the Central Bank’s 1.0%–3.0% target range.

Annual average inflation fell to 4.7% in September (August: 5.0%). Meanwhile, core inflation fell to 2.8% in September, from August’s 3.3%.

Lastly, consumer prices dropped 0.13% in September over the previous month, swinging from August’s 0.38% increase. September’s result marked the weakest reading since December 2022.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest