Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 16 December 2020

Canada Inflation Rate (CPI) 16 December 2020: 1% for November 2020, above the 0.8% forecast and up from 0.7% in October 2020. It is the highest reading since February 2020. It is the third release in a row above the forecast. Printed 1%, inside the 1–3% target band. It was released on Wed 16 Dec 2020 at 13:30 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics Canada. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
1%
November 2020
Forecast
0.8%
The market consensus
Previous
0.7%
As the source gives it

What a print like this usually does

Above the forecast: A clear beat, particularly if inflation is moving away from 2%, would usually support the Canadian dollar significantly through a firmer expected rate path.

Canada Inflation Rate (CPI) 16 December 2020: 1% for November 2020 against a 0.8% forecast, with the last 12 releases
Sharing this? Please link to this page as the source.Download the chart

Cite this release

If you cite this release, please link to this page:

Canada Inflation Rate (CPI) 16 December 2020: 1% vs 0.8% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2020-12-16

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
16 Dec 2020Nov1%0.8%0.7%
18 Nov 2020Oct0.7%0.4%0.5%
21 Oct 2020Sep0.5%0.4%0.1%
16 Sep 2020Aug0.1%0.4%0.1%
19 Aug 2020Jul0.1%0.5%0.7%
22 Jul 2020Jun0.7%0.3%-0.4%
17 Jun 2020May-0.4%0%-0.2%
20 May 2020Apr-0.2%-0.1%0.9%
22 Apr 2020Mar0.9%1.2%2.2%
18 Mar 2020Feb2.2%2.1%2.4%
19 Feb 2020Jan2.4%2.3%2.2%
22 Jan 2020Dec2.2%2.2%2.2%
The release before:Canada Inflation Rate (CPI) 18 November 2020The release after:Canada Inflation Rate (CPI) 20 January 2021Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar