Canada CPI Release Today: What to Expect

Statistics Canada will publish January’s Consumer Price Index on Tuesday, giving the Bank of Canada a fresh read on price pressures ahead of its March 18 meeting, where policymakers are widely expected to keep rates at 2.25%. Economists expect headline CPI to rise 2.4% year‑on‑year in January, matching December, and to increase 0.1% month‑on‑month.

The bank will also watch its core measure, which strips food and energy, after it held at 2.8% YoY in the last month of 2025. The central bank says policy is broadly where it needs to be to keep inflation close to the 2% target if the economy evolves as expected, but officials stressed they are not on autopilot and will adjust if the outlook weakens or inflation risks resurface.

Headline inflation edged to 2.4% YoY in December while core eased to 2.8% YoY; the BoC’s preferred gauges—CPI‑Common, Trimmed Mean and Median—moderated to 2.8%, 2.7% and 2.5%, respectively, and remain above 2%. Markets will focus on Tuesday at 13:30 GMT for the print.

Canada

canada cpi, boc, headline cpi, core cpi, cpi common, trimmed mean, median cpi, inflation target, interest rates, january cpi