Monthly data for inflation in Québec and Canada – March 2023

In Quebec, the consumer price index (CPI) rose by 4.7% in annual variation in March. The downward trend in inflation thus continued, supported mainly by the decline in gasoline prices (-13.8% year-over-year).

In comparison, inflation in Canada stood at 4.3% (+5.2% in February), a low since August 2021. These statistics are in line with the Bank of Canada’s forecasts published last week in its Monetary Policy Report, and signal that it should remain on the sidelines in the coming months.

Please note this publication is only issued in French.

Monthly data for inflation in Québec and Canada – December 2022

In Quebec, the Consumer Price Index (CPI) rose by 6.3% in annual variation in December. This is a weaker price increase than in November (+6.8%), mainly due to lower gasoline prices.

In Canada, inflation also slowed to 6.3% (+6.8% in November).

Please note this publication is only issued in French.