🇨🇦As of February 12, 2025, the most recent Consumer Price Index (CPI) data for Canada is from December 2024. The CPI measures the average change over time in the prices paid by consumers for goods and services and is a key indicator of inflation.
Recent CPI Data:
Month : December 2024
CPI Value : 161.2
Year-over-Year inflation Rate : 1.8%

The next CPI release, covering data for January 2025, is scheduled for February 18, 2025. 
In response to economic conditions, including concerns over potential trade conflicts, the Bank of Canada recently reduced its key policy rate by 25 basis points to 3% on January 29, 2025. This decision reflects efforts to support economic growth amid external challenges. 
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