Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 18 July 2023

Canada Inflation Rate (CPI) 18 July 2023: 2.8% for June 2023, below the 3% forecast and down from 3.4% in May 2023. It is the lowest of the last 12 releases. 5 of the last 12 releases came in below the forecast. Printed 2.8%, inside the 1–3% target band. It was released on Tue 18 Jul 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
2.8%
June 2023
Forecast
3%
The market consensus
Previous
3.4%
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) 18 July 2023: 2.8% for June 2023 against a 3% 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) 18 July 2023: 2.8% vs 3% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2023-07-18

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
18 Jul 2023Jun2.8%3%3.4%
27 Jun 2023May3.4%3.4%4.4%
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%
The release before:Canada Inflation Rate (CPI) 27 June 2023The release after:Canada Inflation Rate (CPI) 15 August 2023Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar