Canada inflation rate slows to 2.3 percent in January as gasoline prices tumble
Canada's annual inflation rate slowed to 2.3 percent in January as falling gasoline prices offset higher food costs. Core measures also eased during the month.
Insights:
Statistics Canada reported on February 17, 2026, that the annual inflation rate in Canada 
CA slowed to 2.3% in January, down from the 2.4% recorded in December. The month-on-month Consumer Price Index (CPI) was unchanged during this period, as the headline rate experienced a deceleration.
CA slowed to 2.3% in January, down from the 2.4% recorded in December. The month-on-month Consumer Price Index (CPI) was unchanged during this period, as the headline rate experienced a deceleration.The primary factor in the annual slowdown was a 16.7% decline in the Gasoline price index . This substantial drop in fuel prices was the largest single contributor to the deceleration of the headline inflation rate.
