The annual core inflation rate in Canada which excludes eight of the most volatile components such as food, energy and mortgage interest costs, rose to a four-month high of 2.3% in July 2026, up from 2.1% in the prior month. On a monthly basis, core consumer prices went up by 0.2% in July, following a 0.1% increase in the previous month. source: Statistics Canada
Core consumer prices in Canada increased 2.30 percent in July of 2026 over the same month in the previous year. Core Inflation Rate in Canada averaged 2.26 percent from 1984 until 2026, reaching an all time high of 6.20 percent in June of 2022 and a record low of 0.00 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 August of 2026.
Core consumer prices in Canada increased 2.30 percent in July of 2026 over the same month in the previous year. Core Inflation Rate in Canada is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Core Inflation Rate is projected to trend around 2.40 percent in 2027 and 2.30 percent in 2028, according to our econometric models.