What is Canada's current inflation rate for September 2022?

For instance, the CPI change from September 2021 to September 2022 would be used to calculate the inflation rate for September 2022. Canada’s Current Inflation Rate is 6.9%.

What changed in Canada in 2022?

Canadians experienced these effects almost immediately with higher gas prices at the pump and big price increases for many basic food items at the grocery store. But the other thing that changed in 2022 was inflation in the prices of services.

What happened to Canada's inflation rate in December?

(Emile Wamsteker/Bloomberg) Canada's annual inflation rate cooled to 6.3 per cent in December, its lowest level since February. Statistics Canada reported Tuesday that the deceleration in the cost of living was mostly due to a 13 per cent decrease in the price of gasoline, which saw its biggest one-month plunge since April of 2020.

How did services price inflation change in 2022?

Services price inflation rose quickly through the first half of 2022, reaching about 5% this summer. With further increases in goods prices in 2022 and a rapid rise in services prices, total CPI inflation rose sharply, reaching 8.1% in June. Over the last two years, the pandemic and the war have affected lives and livelihoods.