Name: Canada CPI Median YoY
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Canada's median inflation rate decreased to 2.3% year-on-year in February 2026, below forecasts of 2.4% and down from 2.5% in January. CPI Median in Canada averaged 2.15 Percent from 1990 until 2026, reaching an all time high of 5.40 Percent in October of 2022 and a record low of 0.90 Percent in November of 1997. source: Bank of Canada

CPI Median in Canada is expected to be 2.80 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada CPI Median YoY is projected to trend around 2.40 Percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Core Inflation Rate YoY	2.30	2.60	percent	Feb 2026
Core Inflation Rate MoM	0.40	0.20	percent	Feb 2026
CPI Median YoY	2.30	2.50	Percent	Feb 2026
CPI Trimmed-Mean YoY	2.30	2.40	Percent	Feb 2026
Inflation Expectations	4.10	4.00	percent	Dec 2025
Inflation Rate YoY	1.80	2.30	percent	Feb 2026
Inflation Rate MoM	0.50	0.00	percent	Feb 2026

Canada CPI Median YoY

CPI median is a measure of core inflation corresponding to the price change located at the 50th percentile (in terms of the CPI basket weights) of the distribution of price changes in a given month. This measure helps filter out extreme price movements specific to certain components. This approach is similar to CPI-trim as it eliminates all the weighted monthly price variations at both the bottom and top of the distribution of price changes in any given month, except the price change for the component that is the midpoint of that distribution.