Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 16 May 2023

Canada Inflation Rate (CPI) 16 May 2023: 4.4% for April 2023, above the 4.1% forecast and up from 4.3% in March 2023. 4 of the last 12 releases came in above the forecast. Printed 4.4%, above the 1–3% target band. It was released on Tue 16 May 2023 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
4.4%
April 2023
Forecast
4.1%
The market consensus
Previous
4.3%
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 May 2023: 4.4% for April 2023 against a 4.1% forecast, with the last 12 releases
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Cite this release

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

Canada Inflation Rate (CPI) 16 May 2023: 4.4% vs 4.1% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2023-05-16

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
16 May 2023Apr4.4%4.1%4.3%
18 Apr 2023Mar4.3%4.3%5.2%
21 Mar 2023Feb5.2%5.4%5.9%
21 Feb 2023Jan5.9%6.1%6.3%
17 Jan 2023Dec6.3%6.4%6.8%
21 Dec 2022Nov6.8%6.7%6.9%
16 Nov 2022Oct6.9%6.9%6.9%
19 Oct 2022Sep6.9%6.8%7%
20 Sep 2022Aug7%7.3%7.6%
16 Aug 2022Jul7.6%7.6%8.1%
20 Jul 2022Jun8.1%8.4%7.7%
22 Jun 2022May7.7%7.4%6.8%
The release before:Canada Inflation Rate (CPI) 18 April 2023The release after:Canada Inflation Rate (CPI) 27 June 2023Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar