The BoC's annual core inflation in Canada, which excludes volatile items, rose to 1.6 percent in March 2019 from 1.5 percent in the previous month, hitting its highest level since December. Core Inflation Rate in Canada averaged 2.15 percent from 1984 until 2019, reaching an all time high of 5.40 percent in January of 1987 and a record low of 0 percent in June of 1984.
Core Inflation Rate in Canada is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Canada to stand at 2.10 in 12 months time. In the long-term, the Canada Core Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.