Canada CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Bank of Canada watches when setting interest rates.
Actual
2.8%
Forecast
3%
Previous
3.2%
Source: Statistics Canada. Figures as released; revisions appear in the next print.
Canada Inflation Rate (CPI) for June 2026 came in at 2.8% versus 3% expected (previous 3.2%), below forecast, which was negative for the CAD.
What it meant for the Canadian Dollar
The actual landed below the 3% forecast (0.2 below expectations). A reading above forecast is generally bullish for the CAD, and below forecast bearish. On this release the read was negative for the CAD.
New to this release? See what Canada Inflation Rate (CPI) measures, the next release and its full history.