FX.co ★ Canada’s Median CPI Holds Steady at 2.0% in August, Matching July Pace

Canada’s median Consumer Price Index (CPI) remained unchanged at 2.0% year-over-year in August 2026, the same rate recorded in July 2026, according to data updated on 14 September 2026. The figure underscores a stable inflation backdrop, with no acceleration or slowdown in this key underlying price measure over the two-month period.

On a year-over-year comparison, August’s median CPI indicates that price pressures in the Canadian economy have held steady relative to the same month a year earlier. The previous reading in July was also a year-over-year comparison against July of the prior year, and it likewise came in at 2.0%.

The median CPI is closely watched as a gauge of underlying inflation trends because it strips out extreme price movements. The unchanged 2.0% reading for both July and August suggests that core inflation conditions have been relatively stable over the summer period.