Core consumer prices in Canada increased a record 6.1 percent year-on-year in May of 2022, above 5.7 percent in April and forecasts of 5.9 percent. On a monthly basis, consumer prices increased 0.8 percent in April, accelerating from a 0.7 percent rise in the prior month. source: Statistics Canada

Core Inflation Rate in Canada averaged 2.17 percent from 1984 until 2022, reaching an all time high of 6.10 percent in May of 2022 and a record low of 0 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 July of 2022.

Core Inflation Rate in Canada is expected to be 3.70 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 2.00 percent in 2023, according to our econometric models.

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Canada Core Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 12:30 PM Apr 5.7% 5.5% 5.4% 5.5%
2022-06-22 12:30 PM May 6.1% 5.7% 5.9% 5.8%
2022-07-20 12:30 PM Jun 6.1%

Related Last Previous Unit Reference
Inflation Rate 7.70 6.80 percent May 2022
Inflation Rate Mom 1.40 0.60 percent May 2022
Consumer Price Index CPI 151.90 149.80 points May 2022
Core Inflation Rate 6.10 5.70 percent May 2022
Core Consumer Prices 147.30 146.10 points May 2022
GDP Deflator 126.00 122.40 points Mar 2022
Producer Prices 132.00 129.80 points May 2022
Producer Prices Change 15.00 16.40 percent May 2022
Export Prices 152.80 151.30 points Apr 2022
Import Prices 139.80 139.90 points Apr 2022
Food Inflation 8.80 8.80 percent May 2022
Wholesale Prices 165.00 160.90 points May 2022
CPI Transportation 172.20 166.30 points May 2022
CPI Housing Utilities 163.00 161.90 points May 2022

Canada Core Inflation Rate
In Canada, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
6.10 5.70 6.10 0.00 1984 - 2022 percent Monthly