What happened to the CPI in December 2022?

On a seasonally adjusted monthly basis, the CPI was down 0.1% in December 2022. Today, Statistics Canada publishes the release Consumer Price Index: Annual review, 2022, highlighting the annual average consumer inflation in Canada and the regions in 2022. Check out the Personal Inflation Calculator.

How much did Canadian inflation rise in January 2022?

Source (s): Table 18-10-0004-01 . In January 2022, Canadian inflation surpassed 5% for the first time since September 1991, rising 5.1% on a year-over-year basis and up from a 4.8% gain in December 2021. In comparison, the headline Consumer Price Index ( CPI) increased 1.0% on a year-over-year basis in January 2021.

When will the Consumer Price Index (CPI) be released?

For more information, consult the document " Real-time data tables ." The CPI for December 2022, including the Consumer Price Index Annual Review, will be released on January 17, 2023. The "Consumer Price Index Data Visualization Tool" is available on the Statistics Canada website.

What is the 2022 CPI basket update?

The May 2022 CPI, released on June 22, will mark the introduction of updated basket weights in the calculation of the index. The 2022 basket update using 2021 expenditures marks the first annual CPI basket update.