Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 20 February 2024

Canada Inflation Rate (CPI) 20 February 2024: 2.9% for January 2024, below the 3.3% forecast and down from 3.4% in December 2023. It is the lowest reading since June 2023. 5 of the last 12 releases came in below the forecast. Printed 2.9%, inside the 1–3% target band. It was released on Tue 20 Feb 2024 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
2.9%
January 2024
Forecast
3.3%
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) 20 February 2024: 2.9% for January 2024 against a 3.3% 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) 20 February 2024: 2.9% vs 3.3% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2024-02-20

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
20 Feb 2024Jan2.9%3.3%3.4%
16 Jan 2024Dec3.4%3.4%3.1%
19 Dec 2023Nov3.1%2.9%3.1%
21 Nov 2023Oct3.1%3.2%3.8%
17 Oct 2023Sep3.8%4%4%
19 Sep 2023Aug4%3.8%3.3%
15 Aug 2023Jul3.3%3%2.8%
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%
The release before:Canada Inflation Rate (CPI) 16 January 2024The release after:Canada Inflation Rate (CPI) 19 March 2024Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar