Consumer Price Index, November 2025
Released: 2025-12-15
The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in November, matching the increase in October.
Year over year, prices for services rose at a slower pace in November compared with October. Lower prices for travel tours and traveller accommodation, in addition to slower growth for rent prices, put downward pressure on the all-items CPI.
Offsetting the slower growth in services on an annual basis were higher prices for goods, driven by price increases for groceries as well as a smaller decline for gasoline prices. Excluding gasoline, the CPI rose 2.6% for the third consecutive month.
The CPI rose 0.1% month over month in November. On a seasonally adjusted monthly basis, the CPI increased 0.2%.
Chart 1
The 12-month change in the Consumer Price Index (CPI) and CPI excluding gasoline
Chart 2
Price growth accelerates most in the food component
Prices for services rise at a slower rate
In November, prices for services rose 2.8% year over year, compared with a 3.2% increase in October.
Year over year, prices for travel tours declined 8.2% in November following a 2.6% increase in October. On a monthly basis, these prices fell 12.0%, as lower demand for destinations in the United States put downward pressure on the index.
Prices for traveller accommodation fell to a greater extent on a year-over-year basis in November (-6.9%) than in October (-0.6%). The largest contributor to the lower prices was Ontario (-20.2%), partially due to a base-year effect from a swift monthly increase in November 2024 (+11.0%), which coincided with a series of high-profile concerts in Toronto.
Rent prices rose at a slower pace in November 2025 (+4.7%) compared with October (+5.2%). While rent prices remained elevated, price growth slowed in most regions.
Chart 3
Rent prices increase at a slower pace year over year but remain elevated
Partially offsetting the downward pressure in prices for services were higher prices for cellular services, which rose 12.7% in November compared with a 7.7% increase in October. On a monthly basis, prices fell less in November 2025 (-1.7%) than they did in November 2024 (-6.1%). The smaller decline was due, in part, to fewer industry-wide price promotions in November 2025 compared with the same month a year earlier.
Chart 4
Prices for cellular services increase year over year for a second consecutive month
Grocery price inflation highest since the end of 2023
Prices for food purchased from stores rose 4.7% year over year in November after increasing 3.4% in October. The increase in November was the largest since December 2023 (+4.7%). The main contributors to the acceleration in November 2025 were fresh fruit (+4.4%), led by higher prices for berries, and other food preparations (+6.6%).
In November, prices for fresh or frozen beef (+17.7%) and coffee (+27.8%) continued to be significant contributors to overall grocery inflation on an annual basis. Higher beef prices have been driven, in part, by lower cattle inventories in North America. Coffee prices have been impacted by adverse weather conditions in growing regions and rose amid American tariffs on coffee-producing countries, which have contributed to higher prices for refined coffee.
On a monthly basis, grocery prices rose 1.9% in November, the largest month-over-month increase since January 2023.
Chart 5
Top contributors to the acceleration in grocery price inflation
Prices at the pump increase on a monthly basis but are below the November 2024 level
Prices for gasoline fell at a slower pace year over year in November (-7.8%) compared with October (-9.4%). On a monthly basis, prices rose 1.8% amid refinery disruptions across North America.
Focus on Canada and the United States
Tariffs affect many facets of the economy, including inflation. The imposition of tariffs by the United States and countermeasure tariffs by the Canadian government can result in varying effects on final consumer prices. Read more about the potential impacts of US tariffs on the Bank of Canada's website.
No special adjustments to the Consumer Price Index will be required for tariffs, as their effect is embedded in the final prices collected.
Statistics Canada will continue to monitor developments on tariffs and the impact on consumer price inflation.
For more data and insights on areas touched by the socio-economic relationship between Canada and the United States, see the Focus on Canada and the United States webpage.
Explore the Consumer Price Index tools
Check out the Personal Inflation Calculator. This interactive calculator allows you to enter dollar amounts in the common expense categories to produce a personalized inflation rate, which you can compare with the official measure of inflation for the average Canadian household—the Consumer Price Index (CPI).
Browse the Consumer Price Index Data Visualization Tool to access current (Latest Snapshot of the CPI) and historical (Price trends: 1914 to today) CPI data in a customizable visual format.
Regional highlights
On an annual basis in November, prices rose at a faster pace in five provinces, were unchanged in two, and rose at a slower pace in the remaining three compared with October.
Of all the provinces, prices accelerated the most in New Brunswick, rising 2.7% year over year in November, following an increase of 2.1% in October. Contributing to the price growth in the province were higher prices for Internet access services (+5.1%), rent (+5.2%), and furniture (+5.2%).
Chart 6
The Consumer Price Index rises at a faster pace in five provinces
Note to readers
Visit the Consumer Price Index portal to find all Consumer Price Index (CPI) data, publications, interactive tools and announcements highlighting new products and upcoming changes to the CPI in one convenient location.
Enhancement to traveller accommodation index
Beginning with this release, prices for the traveller accommodation index are now being collected for the first four weekends of each month, rather than exclusively for the third weekend. Collecting price data across multiple weekends provides a more accurate reflection of fluctuations in accommodation prices faced by travellers throughout the month.
Real-time data tables
Real-time data table 18-10-0259-01 will be updated on December 22. For more information, consult the document, "Real-time data tables."
Next release
The Consumer Price Index for December 2025, along with the Consumer Price Index Annual Review, will be released on Monday, January 19, 2026.
Products
The "Consumer Price Index Data Visualization Tool" is available on the Statistics Canada website.
More information on the concepts and use of the Consumer Price Index (CPI) is available in The Canadian Consumer Price Index Reference Paper (62-553-X).
For information on the history of the CPI in Canada, consult the publication Exploring the first century of Canada's Consumer Price Index (62-604-X).
Two videos, "An Overview of Canada's Consumer Price Index (CPI)" and "The Consumer Price Index (CPI) and Your Experience of Price Change," are available on Statistics Canada's YouTube channel.
The podcast ''Eh Sayers Episode 18 - Why Food Inflation Is Such A Hard Nut To Crack'' is also available.
Find out answers to the most common questions posed about the CPI in the context of the COVID-19 pandemic and beyond.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).
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