Canadian Consumer Price Index Rises 2.8% Year-Over-Year in April

On Tuesday, Statistics Canada (StatCan) reported that the Canadian Consumer Price Index (CPI) rose 2.8% year-over-year in April, up from a 2.4% increase in March.

On a month-over-month basis, the CPI rose 0.4%. Seasonally adjusted, the index increased 0.3%.

Higher energy prices—most notably gasoline prices—were a key driver behind the acceleration in headline inflation. The agency also noted that the removal of the consumer carbon levy in April 2025, which resulted in monthly declines for gasoline and natural gas prices, has now fallen out of the 12-month comparison, putting upward pressure on the all-items CPI.

Excluding gasoline, the CPI rose 2.0% year-over-year, compared with a 2.2% increase in March.

Prices increased at a faster annual pace in nine provinces. In Quebec, prices rose 3.0% year-over-year, up slightly from 2.9% in March. Unlike other provinces, Quebec was not impacted by the removal of the consumer carbon levy because of the province’s cap-and-trade system.