Canadian Consumer Price Index Rises 2.4% Year-Over-Year in September
Consumer Price Index, September 2025
On Tuesday, Statistics Canada (StatCan) reported that the Canadian Consumer Price Index (CPI) rose 2.4% year-over-year in September, up from a 1.9% increase in August.
On a month-over-month basis, the CPI rose 0.1% in September. Seasonally adjusted, the index increased 0.4%.
According to StatCan, a slower year-over-year decline in travel tour prices (down 1.3%) and a larger increase in food prices purchased from stores (up 4.0%) contributed to the upward pressure in the all-items CPI.
On a yearly basis, prices rose at a faster pace in all provinces compared with August. Nationally, rent prices increased 4.8% year-over-year in September after a 4.5% gain in August, driven largely by higher prices in Quebec (up 9.6%), particularly in Montréal. Slower rent growth in British Columbia (up 1.8%) moderated the national acceleration. Prince Edward Island was the only province with a year-over-year decline in rent, down 2.2%.
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