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Energy lifts headline inflation above the underlying trend

Different components require different explanations

Unit: % year over year
Compare series or markets · 5 selected
Energy lifts headline inflation above the underlying trendAugust headline CPI rose 3.0% year over year while gasoline rose 22.8%. Unit: % year over year. Not seasonally adjusted; 12-month index change. Use left and right arrow keys to inspect observations. The data table follows the chart.Energy lifts headline inflation above the underlying trendAll itemsGroceriesShelterGasolineExcluding food and energy% year over year-40%-20%0%20%40%60%Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025Aug 2026Homies Research, using Statistics Canada data · Through 2026-08Not seasonally adjusted; 12-month index changeHOMIES RESEARCH
Aug 2026All items 3.03%Groceries 2.78%Shelter 1.54%Gasoline 22.8%Excluding food and energy 2.12%

August headline CPI rose 3.0% year over year while gasoline rose 22.8%.

Source: Homies Research, using Statistics Canada data. Reference: 2026-08. Released 2026-09-14. Retrieved 2026-09-28.

Not seasonally adjusted; 12-month index change · Year-over-year changes calculated from unadjusted index levels; rent CPI covers occupied rents and differs from asking rents.

View accessible data table · 5 series, 61 observations

Showing the latest 12 observations.

Energy lifts headline inflation above the underlying trend. Unit: % year over year. Not seasonally adjusted; 12-month index change
PeriodAll itemsGroceriesShelterGasolineExcluding food and energy
Sep 20252.36%4%2.56%-4.12%2.44%
Oct 20252.16%3.42%2.49%-9.36%2.69%
Nov 20252.22%4.67%2.32%-7.77%2.43%
Dec 20252.36%5%2.1%-13.8%2.5%
Jan 20262.29%4.8%1.72%-16.7%2.37%
Feb 20261.78%4.09%1.5%-14.2%1.96%
Mar 20262.39%4.4%1.66%5.92%1.89%
Apr 20262.82%3.81%1.77%28.6%1.49%
May 20263.23%4.26%1.71%33.2%1.61%
Jun 20262.8%3.89%1.55%20.5%1.8%
Jul 20263.03%3.14%1.28%25.7%1.93%
Aug 20263.03%2.78%1.54%22.8%2.12%

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