Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 20 January 2021

Canada Inflation Rate (CPI) 20 January 2021: 0.7% for December 2020, below the 1% forecast and down from 1% in November 2020. 6 of the last 12 releases came in below the forecast. Printed 0.7%, below the 1–3% target band. It was released on Wed 20 Jan 2021 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
0.7%
December 2020
Forecast
1%
The market consensus
Previous
1%
As the source gives it

What a print like this usually does

Below the forecast: A clear miss or continued cooling toward 2% would usually weigh on the Canadian dollar as markets price a more dovish Bank of Canada.

Canada Inflation Rate (CPI) 20 January 2021: 0.7% for December 2020 against a 1% forecast, with the last 12 releases
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Cite this release

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Canada Inflation Rate (CPI) 20 January 2021: 0.7% vs 1% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2021-01-20

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
20 Jan 2021Dec0.7%1%1%
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%
The release before:Canada Inflation Rate (CPI) 16 December 2020The release after:Canada Inflation Rate (CPI) 17 February 2021Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar