Core consumer prices in Canada increased 3.50 percent in August of 2021 over the same month in the previous year. source: Statistics Canada

Core Inflation Rate in Canada averaged 2.12 percent from 1984 until 2021, reaching an all time high of 5.40 percent in January of 1987 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 October of 2021.

Core Inflation Rate in Canada is expected to be 3.50 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 2022, according to our econometric models.

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Canada Core Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-16 12:30 PM May 2.8% 2.3% 2.4% 2.5%
2021-07-28 12:30 PM Jun 2.7% 2.8% 2.6%
2021-08-18 12:30 PM Jul 3.3% 2.7% 2.7%
2021-09-15 12:30 PM Aug 3.5% 3.3% 3.3%
2021-10-20 12:30 PM Sep 3.5% 3.6%
2021-11-17 01:30 PM Oct
2021-12-15 01:30 PM Nov


Canada Last Unit Reference Previous Highest Lowest
Inflation Rate 4.10 percent Aug/21 3.70 21.60 -17.80
Inflation Rate Mom 0.20 percent Aug/21 0.60 2.60 -1.30
Consumer Price Index CPI 142.60 points Aug/21 142.30 142.60 12.10
Core Inflation Rate 3.50 percent Aug/21 3.30 5.40 0.00
Core Consumer Prices 140.30 points Aug/21 140.00 140.30 61.70
GDP Deflator 118.90 points Jun/21 116.30 118.90 11.80
Producer Prices 115.90 points Sep/21 114.80 115.90 13.30
Producer Prices Change 15.00 percent Sep/21 14.70 21.46 -7.14
Export Prices 127.40 points Aug/21 128.20 128.20 62.60
Import Prices 130.00 points Aug/21 127.70 8964.00 75.90
Food Inflation 2.70 percent Aug/21 1.70 20.18 -7.14
Wholesale Prices 124.60 points Aug/21 127.60 130.70 38.50
CPI Transportation 153.80 points Aug/21 152.20 153.80 10.90
CPI Housing Utilities 153.90 points Aug/21 153.50 153.90 39.10


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.