Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 22 June 2022

Canada Inflation Rate (CPI) 22 June 2022: 7.7% for May 2022, above the 7.4% forecast and up from 6.8% in April 2022. It is the highest of the last 12 releases. It is the fifth release in a row above the forecast. Printed 7.7%, above the 1–3% target band. It was released on Wed 22 Jun 2022 at 12:30 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
7.7%
May 2022
Forecast
7.4%
The market consensus
Previous
6.8%
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) 22 June 2022: 7.7% for May 2022 against a 7.4% 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) 22 June 2022: 7.7% vs 7.4% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2022-06-22

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
22 Jun 2022May7.7%7.4%6.8%
18 May 2022Apr6.8%6.7%6.7%
20 Apr 2022Mar6.7%6.1%5.7%
16 Mar 2022Feb5.7%5.5%5.1%
16 Feb 2022Jan5.1%4.8%4.8%
19 Jan 2022Dec4.8%4.8%4.7%
15 Dec 2021Nov4.7%4.7%4.7%
17 Nov 2021Oct4.7%4.7%4.4%
20 Oct 2021Sep4.4%4.3%4.1%
15 Sep 2021Aug4.1%3.9%3.7%
18 Aug 2021Jul3.7%3.4%3.1%
28 Jul 2021Jun3.1%3.2%3.6%
The release before:Canada Inflation Rate (CPI) 18 May 2022The release after:Canada Inflation Rate (CPI) 20 July 2022Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar