Forex Fundamentals
Canada Inflation Rate (CPI)

Canada Inflation Rate (CPI) 21 January 2025

Canada Inflation Rate (CPI) 21 January 2025: 1.8% for December 2024, below the 1.9% forecast and down from 1.9% in November 2024. It is the lowest reading since September 2024. It is the second release in a row below the forecast. Printed 1.8%, inside the 1–3% target band. It was released on Tue 21 Jan 2025 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
1.8%
December 2024
Forecast
1.9%
The market consensus
Previous
1.9%
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) 21 January 2025: 1.8% for December 2024 against a 1.9% 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) 21 January 2025: 1.8% vs 1.9% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-cpi/2025-01-21

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
21 Jan 2025Dec1.8%1.9%1.9%
17 Dec 2024Nov1.9%2%2%
19 Nov 2024Oct2%1.9%1.6%
15 Oct 2024Sep1.6%1.8%2%
17 Sep 2024Aug2%2.1%2.5%
20 Aug 2024Jul2.5%2.5%2.7%
16 Jul 2024Jun2.7%—2.9%
25 Jun 2024May2.9%2.6%2.7%
21 May 2024Apr2.7%2.7%2.9%
16 Apr 2024Mar2.9%—2.8%
19 Mar 2024Feb2.8%3.1%2.9%
20 Feb 2024Jan2.9%3.3%3.4%
The release before:Canada Inflation Rate (CPI) 17 December 2024The release after:Canada Inflation Rate (CPI) 18 February 2025Canada Inflation Rate (CPI): every recent resultThis week’s economic calendar