The core CPI inflation rate in Canada decreased to 5.8 percent in August 2022, down from 6.1 percent in July, but remaining close to an all-time high of 6.2 percent hit in June. source: Statistics Canada

Core Inflation Rate in Canada averaged 2.20 percent from 1984 until 2022, reaching an all time high of 6.20 percent in June 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 September of 2022.

Core Inflation Rate in Canada is expected to be 5.70 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
2022-08-16 12:30 PM Jul 6.1% 6.2% 6.1%
2022-09-20 12:30 PM Aug 5.8% 6.1% 6.2%
2022-10-19 12:30 PM Sep 5.8% 5.7%


Related Last Previous Unit Reference
Inflation Rate 7.00 7.60 percent Aug 2022
Inflation Rate MoM -0.30 0.10 percent Aug 2022
Consumer Price Index CPI 153.10 152.90 points Jul 2022
Core Inflation Rate 5.80 6.10 percent Aug 2022
Core Consumer Prices 148.50 148.50 points Aug 2022
GDP Deflator 130.30 126.00 points Jun 2022
Producer Prices 128.70 131.50 points Jul 2022
Producer Prices Change 10.60 11.50 percent Aug 2022
Export Prices 153.60 158.90 points Jul 2022
Import Prices 144.70 143.90 points Jul 2022
Food Inflation 9.80 9.20 percent Aug 2022
Wholesale Prices 146.60 153.00 points Aug 2022
CPI Transportation 174.10 176.20 points Jul 2022
CPI Housing Utilities 164.20 163.60 points Jul 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
5.80 6.10 6.20 0.00 1984 - 2022 percent Monthly