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Statistics Canada set to publish January inflation data
Gasoline prices fell 16.7% year-over-year, driving inflation down to 2.3%, while core inflation excluding gasoline rose 3%, Statistics Canada reported.
- On Feb. 17, 2026, Statistics Canada published January CPI data, reporting the consumer price index rose 2.3% year‑over‑year while remaining unchanged month‑to‑month.
- Against the backdrop of last year's sales tax holiday, gasoline prices fell 16.7%, the biggest contributor to the inflation slowdown, with petrol pump prices dropping after a 13.8% decline, and food prices rose 6.3%.
- Measured core indicators such as CPI‑median and CPI‑trim show the CPI excluding food and energy rose 2.4% last month, matching December, while CPI excluding gasoline increased by 3.
- With the central bank pausing rate cuts at a 2.5% policy rate, economists are split between 2.4% and 2.6% forecasts, considering inflation stability and base effects.
- Shelter costs, the largest CPI weight, rose 1.7% last month, and because of choppy base effects from the federal sales tax break, analysts focus on core inflation to assess household budgets.
32 Articles
32 Articles
Inflation Slowed to 2.3 Percent in January Amid Falling Gas Prices, While Food Costs Rose
Canada’s annual inflation rate fell slightly to 2.3 percent in January, a change that Statistics Canada is attributing to lower gasoline prices. Although inflation stood at 2.4 percent in December, the statistics agency said a 16.7 percent drop in gasoline prices allowed inflation to fall further in January. Excluding gasoline, the Consumer Price Index (CPI) rose by 3 percent in January, matching the increase seen in December. Statistics Canada…
Canada’s inflation cools to 2.3% in January as gasoline prices tumble
Data released by Statistics Canada on Tuesday showed the consumer price index (CPI) rose 2.3 per cent year-on-year in January, down from 2.4 per cent in December and below market forecasts of 2.4 per cent
cknewstoday.ca
January's inflation rate was 2.3 per cent
Inflation dipped slightly in January to 2.3 per cent after reaching 2.4 per cent in December.
castanet.net
Collingwood TodayInflation ticks down to 2.3% in January amid lower gas prices: StatCan
Statistics Canada says lower prices at the pump and easing shelter inflation helped rein in the pressure facing consumers in January. The agency said Tuesday that the annual rate of inflation ticked down to 2.3 per cent last month. Economists had expected inflation to hold steady at 2.4 per cent. St...
Here's a list of January inflation rates for selected Canadian cities
OTTAWA — Canada’s annual inflation rate was 2.3 per cent in January, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): — St. John’s, N.L.: 2.6 per cent (3.1) — Charlottetown-Summerside: 1.9 per […]
St Catharines Standard
Here’s a list of January inflation rates for Canadian provinces
OTTAWA - Canada's annual inflation rate was 2.3 per cent in January, Statistics Canada says. Here's what happened in the provinces (previous month in brackets):
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