EnergyCanada edition
Canada's energy price inflation reaches 18.95% in September 2026
Energy prices in Canada were 18.95% higher in September 2026 than a year earlier, up from a 15.45% annual pace in August.
- 2026-0815.45%
- 2026-0918.95%
Canada Energy price inflation →
What happened in September
Energy cost Canadian households noticeably more in September 2026 than a year before. Energy price inflation, measured as the 12-month change, was 18.95% in September 2026.
Sources for this paragraph (1)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
One month earlier the same measure was 15.45%. The annual pace of energy price increases therefore picked up between August and September.
Sources for this paragraph (1)
- F2 Canada · Energy price inflation · 15.45% · 2026-08 · Statistics Canada
What the official figures show
The headline figure compares September 2026 energy prices with September 2025. It is a 12-month change, expressed in per cent.
Sources for this paragraph (1)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
The rate itself moved by 3.5 percentage points from the previous month. That is a change in the annual rate between August and September. It is not the price increase within the month.
Sources for this paragraph (1)
- F3 Change from previous period · 3.5pp · 2026-09 · Statistics Canada
August to September, step by step
August 2026: energy prices were 15.45% higher than a year earlier.
Sources for this paragraph (1)
- F2 Canada · Energy price inflation · 15.45% · 2026-08 · Statistics Canada
September 2026: energy prices were 18.95% higher than a year earlier. That is 3.5 percentage points above the August reading.
Sources for this paragraph (2)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
- F3 Change from previous period · 3.5pp · 2026-09 · Statistics Canada
Only these two monthly readings of this series are available here. They show one month of acceleration, not a longer trend.
Sources for this paragraph (2)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
- F2 Canada · Energy price inflation · 15.45% · 2026-08 · Statistics Canada
What it means for people in Canada
For a household in Canada, energy in September 2026 cost 18.95% more than in September 2025, on average across the energy items in the index. People who spent a similar amount on energy a year ago will likely see higher bills for the same use.
Sources for this paragraph (1)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
The figure is a national average. It does not show how much any one household pays. Costs will depend on where people live, how they heat their homes and how much they travel.
Sources for this paragraph (1)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
What the data does not tell us
The headline energy figure does not show which types of energy caused the increase. Separate series exist for motor fuel, electricity and gas. Each is measured on its own basis, so this report does not rank them against the total or against each other.
Sources for this paragraph (1)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
The figures do not show price levels a year earlier, so it is not possible to tell from this data how much of the jump reflects low prices in 2025. They also do not show provincial differences.
Sources for this paragraph (2)
- F1 Canada · Energy price inflation · 18.95% · 2026-09 · Statistics Canada
- F2 Canada · Energy price inflation · 15.45% · 2026-08 · Statistics Canada
AI analyst view
Leaning down low confidence next two releases
Estimate range: 15.45–18.95%
Why
- A 12-month rate near 18.95% requires energy prices to keep climbing month after month. Energy is one of the most changeable parts of consumer prices, so holding that pace for several months is a high bar. F1
- The 3.5 percentage point jump happened in a single month. A one-month move of that size in a volatile index is more likely to settle than to repeat at the same speed. F3
- The facts do not include the year-earlier price levels, so base effects cannot be checked. That is the main reason confidence stays low. F1 F2
This is the AI’s own interpretation of the official figures above, not an official forecast. It may turn out wrong.
Scenarios to watch
- Scenario, not a forecast If energy prices keep rising month to month at the pace of recent months, the 12-month rate could stay near its September level or move higher.
- Scenario, not a forecast If energy prices level off in the coming months, the annual rate would likely ease back as the comparison with a year earlier catches up.
What to check next
- The October 2026 energy price inflation figure, to see whether it stays above 18.95%
- Whether the monthly change in the annual rate is again as large as 3.5 percentage points
- The separate motor fuel, electricity and gas series, read individually, for direction over the next releases
Verified data used in this report
| Indicator | Value | Period | Sources | Accessed | |
|---|---|---|---|---|---|
| F1 | Canada · Energy price inflation | 18.95% | 2026-09 | Statistics Canada | |
| F2 | Canada · Energy price inflation | 15.45% | 2026-08 | Statistics Canada | |
| F3 | Change from previous period | 3.5pp | 2026-09 | Statistics Canada | |
| C16 | Canada · Consumer price inflation | 3.09% | 2026-09 | Statistics Canada | |
| C17 | Canada · Electricity price inflation | 3.6% | 2026-09 | Statistics Canada | |
| C19 | Canada · Food price inflation | 2.18% | 2026-09 | Statistics Canada | |
| C20 | Canada · Fuel price inflation | 27.79% | 2026-09 | Statistics Canada | |
| C21 | Canada · Gas price inflation | -6.78% | 2026-09 | Statistics Canada | |
| C22 | Canada · New home prices | -2.04% | 2026-09 | Statistics Canada | |
| C23 | Canada · Central bank policy rate | 2.5% | 2026-10 | Bank of Canada | |
| C24 | Canada · Rent inflation | 2.8% | 2026-09 | Statistics Canada | |
| C25 | Canada · Housing cost inflation | 1.75% | 2026-09 | Statistics Canada | |
| C26 | Canada · Unemployment rate | 6.5% | 2026-09 | Statistics Canada | |
| C27 | Canada · Wage growth | 3.68% | 2026-08 | Statistics Canada | |
| C28 | Canada · GDP growth | 1.74% | 2025 | World Bank | |
| C29 | Canada · House prices | -3.5% | 2026-Q3 | OECD | |
| C30 | Canada · Unemployment rate | 6.91% | 2025 | World Bank | |
| C31 | Canada · Fertility rate | 1.25 | 2024 | World Bank | |
| C32 | Canada · Share of population aged 65+ | 20.26% | 2025 | World Bank | |
| C33 | Canada · Population growth | 0.94% | 2025 | World Bank |
Sources
How this report was checked
- Data: the newest reference period cited is 2026-Q3.
- Figures were collected from the source on
- Written by an AI model (claude-opus-5-5) using only the official figures listed in this report.
- Automatic checks passed: every number matches a cited figure, every paragraph names its evidence, and there is no investment advice or copied source text.
- A separate quality-check model raised concerns, and the report was rewritten once to address them.
- No person reviewed this report before publication. Automatic checks confirm the numbers, not every interpretation.
Update history
- 2026-11-03 08:05 UTC — created
- 2026-11-03 08:05 UTC — approved+published
This analysis was written by AI from official statistics and passed automated checks. Last checked: 2026-11-03