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US and Canada inflation rate: latest numbers
US inflation was 3.7% in September 2026, meaning consumer prices were 3.7% higher than a year earlier, according to the U.S. Bureau of Labor Statistics. Canada's inflation rate was 3.0% in August 2026, according to Statistics Canada. Canada publishes its September figure on October 19, 2026, and the US publishes October's on November 10, 2026.
What changed this release
US inflation rose 0.3 points, from 3.4% in August 2026 to 3.7% in September 2026, according to the Bureau of Labor Statistics. Prices rose 0.6% in September alone, and gasoline accounted for more than half of that monthly increase. Core inflation (the rise in prices leaving out food and energy) was 2.6% over the 12 months to September 2026.
Latest readings side by side
| United States | Canada | |
|---|---|---|
| Latest month | September 2026 | August 2026 |
| Inflation (12-month change) | 3.7% | 3.0% |
| Month before | 3.4% (August 2026) | 3.0% (July 2026) |
| Next release | November 10, 2026 (October data) | October 19, 2026 (September data) |
Sources: U.S. Bureau of Labor Statistics, Statistics Canada price index table, and the BLS release schedule and Statistics Canada release calendar, checked October 16, 2026. Source: Statistics Canada, Table 18-10-0004-01, August 2026. Reproduced and distributed on an 'as is' basis with the permission of Statistics Canada.
How these numbers are measured
Both figures are the 12-month change in each country's consumer price index (CPI), which tracks the cost of a typical basket of household goods and services. We calculate the chart from the official monthly index values. The US has no figure for October 2025, because the Bureau of Labor Statistics did not publish one, so its line has a short gap there.
Why the inflation rate matters
Inflation decides how far your pay and savings go. When it runs above the interest your savings earn, your money loses buying power every year. Read our guide to inflation for the full picture, or see how inflation shrinks your savings.
Update log
- : Page created with US inflation for September 2026 and Canada inflation for August 2026.
Researched from the official sources linked in this article and drafted with AI assistance. Fact-checked by the Understand Your Economy editorial team on October 16, 2026.
This article is general educational information, not personalised financial, investment, tax or legal advice. Consider speaking with a qualified professional about your own situation.
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