Canada’s annual core inflation, which strips out eight of the most volatile components including food, energy, and mortgage interest costs, fell to an 11-month low of 2.3% in February 2026 from 2.6% in January. On a monthly basis, core consumer prices rose 0.4% in February, following a 0.2% increase in January. source: Statistics Canada

Core consumer prices in Canada increased 2.30 percent in February 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 March of 2026.

Core consumer prices in Canada increased 2.30 percent in February of 2026 over the same month in the previous year. Core Inflation Rate in Canada is expected to be 2.60 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-17 01:30 PM
Core Inflation Rate YoY
Jan 2.6% 2.8% 2.8%
2026-03-16 12:30 PM
Core Inflation Rate YoY
Feb 2.3% 2.6% 2.4%
2026-04-20 12:30 PM
Core Inflation Rate YoY
Mar 2.3% 2.6%

Components Last Previous Unit Reference
Inflation Rate YoY 1.80 2.30 percent Feb 2026
PPI YoY 5.40 4.30 percent Jan 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 165.90 165.00 points Feb 2026
Core Consumer Prices 161.30 160.60 points Feb 2026
Core Inflation Rate YoY 2.30 2.60 percent Feb 2026
CPI Housing Utilities 189.50 189.60 points Feb 2026
CPI Transportation 172.20 170.20 points Feb 2026
Export Prices 142.40 139.50 points Jan 2026
Food Inflation 5.40 7.30 percent Feb 2026
GDP Implicit Price 130.10 129.10 points Sep 2025
Import Prices 137.90 137.60 points Jan 2026
Inflation Rate MoM 0.50 0.00 percent Feb 2026
Producer Prices 138.20 137.60 points Feb 2026
Raw Materials Prices MoM 159.40 158.50 points Jan 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
2.30 2.60 6.20 0.00 1984 - 2026 percent Monthly

News Stream
Canada Core Inflation Holds at 2.6% in August Below Expectations
Canada’s annual core inflation, which strips out eight of the most volatile components including food, energy, and mortgage interest costs, held steady at 2.6% in August 2025, unchanged from July and slightly below market expectations of 2.7%. On a monthly basis, core consumer prices were flat, following a 0.1% increase in July.
2025-09-16
Canada Annual Core Inflation Rate Drops to 2.2%
The annual core inflation rate in Canada which excludes eight of the most volatile components such as food, energy and mortgage interest costs, fell to 2.2% in March 2025 from an over one-year high of 2.7% in the prior month. This marked the first slowdown in core inflation after three consecutive months of increases. On a monthly basis, core consumer prices rose by 0.1% in March, slowing from a 0.7% increase in the prior month.
2025-04-15