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 June 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.