Core consumer prices in Canada increased 1.20 percent in February of 2021 over the same month in the previous year. source: Statistics Canada

Core Inflation Rate in Canada averaged 2.12 percent from 1984 until 2021, reaching an all time high of 5.40 percent in January of 1987 and a record low of 0 percent in June of 1984. This page provides - Canada Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Core Inflation Rate in Canada is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Canada to stand at 2.00 in 12 months time. In the long-term, the Canada Core Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Canada Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.60 5.40 0.00 1984 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-16 01:30 PM Nov 1.5% 1% 1%
2021-01-20 01:30 PM Dec 1.5% 1.5% 1.4%
2021-02-17 01:30 PM Jan 1.6% 1.5% 1.4% 1.4%
2021-03-17 12:30 PM Feb 1.2% 1.6% 1.4% 1.5%
2021-04-21 12:30 PM Mar 1.2% 1.4%
2021-05-19 12:30 PM Apr
2021-06-16 12:30 PM May
2021-07-28 12:30 PM Jun

Canada Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.00 21.60 -17.80 percent [+]
Inflation Rate Mom 0.50 0.60 2.60 -1.30 percent [+]
Consumer Price Index CPI 138.90 138.20 138.90 12.10 points [+]
Core Consumer Prices 137.10 136.70 137.10 61.70 points [+]
Core Inflation Rate 1.20 1.60 5.40 0.00 percent [+]
GDP Deflator 112.80 111.60 112.80 11.80 points [+]
Producer Prices 108.80 107.10 108.80 13.30 points [+]
Producer Prices Change 9.40 7.10 21.46 -7.14 percent [+]
Export Prices 116.50 113.50 116.50 62.60 points [+]
Import Prices 122.50 120.90 8964.00 75.90 points [+]
Food Inflation 1.80 1.00 20.18 -7.14 percent [+]
Wholesale Prices 112.80 105.80 130.70 38.50 points [+]
CPI Housing Utilities 148.80 148.40 148.80 39.10 points [+]
CPI Transportation 147.10 144.90 147.10 10.90 points [+]


Canada Core Inflation Rate
In Canada, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.