Annual core inflation rate in Canada edged down to 2.1% in June 2026 from 2.2% in May. 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. source: Statistics Canada

Core consumer prices in Canada increased 2.10 percent in June of 2026 over the same month in the previous year.

Core consumer prices in Canada increased 2.10 percent in June 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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-22 12:30 PM
Core Inflation Rate YoY
May 2.2% 2.1% 2.2%
2026-07-20 12:30 PM
Core Inflation Rate YoY
Jun 2.1% 2.2% 2.2%
2026-08-17 12:30 PM
Core Inflation Rate YoY
Jul 2.1%



Components Last Previous Unit Reference
Inflation Rate YoY 2.80 3.20 percent Jun 2026
PPI YoY 13.60 11.10 percent May 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 169.00 169.60 points Jun 2026
Core Consumer Prices 163.00 162.90 points Jun 2026
Core Inflation Rate YoY 2.10 2.20 percent Jun 2026
CPI Health and Personal Care 158.60 158.50 points Jun 2026
CPI Housing Utilities 190.20 190.10 points Jun 2026
CPI Recreation, Education and Reading 134.50 134.30 points Jun 2026
CPI Transportation 184.20 187.10 points Jun 2026
Export Prices 154.30 152.90 points May 2026
Food Inflation 3.50 3.80 percent Jun 2026
GDP Implicit Price 132.80 131.30 points Mar 2026
Goods Inflation 3.50 4.80 points Jun 2026
Import Prices 144.60 144.00 points May 2026
Inflation Rate MoM -0.40 1.00 percent Jun 2026
Producer Prices 145.60 147.60 points Jun 2026
Raw Materials Prices MoM 172.20 184.90 points Jun 2026


Canada Core Inflation Rate
In Canada, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes eight of the most volatile components identified by the Bank of Canada including: fruit, fruit preparations and nuts; vegetables and vegetable preparations; mortgage interest cost; natural gas; fuel oil and other fuels; gasoline; inter-city transportation; and tobacco products and smokers' supplies. It also excludes the effect of changes in indirect taxes.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 6.20 0.00 1984 - 2026 percent Monthly