Canada’s annual core inflation, which strips out eight of the most volatile components including food, energy, and mortgage interest costs, eased to 2.2% in September 2026 from a five-month high of 2.4% in August. On a monthly basis, core consumer prices were flat, after a 0.1% increase in the prior month. source: Statistics Canada

Core consumer prices in Canada increased 2.20 percent in September 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 October of 2026.

Core consumer prices in Canada increased 2.20 percent in September of 2026 over the same month in the previous year. Core Inflation Rate in Canada is expected to be 2.50 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 2.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-14 12:30 PM
Core Inflation Rate YoY
Aug 2.4% 2.3% 2.3%
2026-10-19 12:30 PM
Core Inflation Rate YoY
Sep 2.2% 2.4% 2.4%
2026-11-16 01:30 PM
Core Inflation Rate YoY
Oct 2.2%



Components Last Previous Unit Reference
Inflation Rate YoY 3.10 3.00 percent Sep 2026
PPI YoY 13.50 12.40 percent Aug 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 170.00 169.80 points Sep 2026
Core Consumer Prices 163.60 163.60 points Sep 2026
Core Inflation Rate YoY 2.20 2.40 percent Sep 2026
CPI Health and Personal Care 158.50 158.80 points Sep 2026
CPI Housing Utilities 191.50 190.90 points Sep 2026
CPI Recreation, Education and Reading 135.60 135.90 points Sep 2026
CPI Transportation 186.30 185.70 points Sep 2026
Export Prices 154.80 152.30 points Aug 2026
Food Inflation 2.20 2.80 percent Sep 2026
GDP Implicit Price 136.20 132.80 points Jun 2026
Goods Inflation 3.70 3.40 points Sep 2026
Import Prices 150.40 148.90 points Aug 2026
Inflation Rate MoM 0.10 -0.10 percent Sep 2026
Producer Prices 148.20 146.30 points Aug 2026
Raw Materials Prices MoM 174.20 168.90 points Aug 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
2.20 2.40 6.20 0.00 1984 - 2026 percent Monthly