The core consumer price inflation in Canada, which excludes volatile items and the effect of indirect taxes, eased to 5.4 percent year-on-year in December 2022, down from 5.8 percent in the previous month. It was the lowest rate since February. source: Statistics Canada

Core Inflation Rate in Canada averaged 2.23 percent from 1984 until 2022, reaching an all time high of 6.20 percent in June of 2022 and a record low of 0.00 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 February of 2023.

Core Inflation Rate in Canada is expected to be 3.80 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 2024, according to our econometric models.

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Canada Core Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-21 01:30 PM Nov 5.8% 5.8% 5.8%
2023-01-17 01:30 PM Dec 5.4% 5.8% 5.9%
2023-02-21 01:30 PM Jan 5.4% 4.7%


Related Last Previous Unit Reference
Inflation Rate 6.30 6.80 percent Dec 2022
Inflation Rate MoM -0.60 0.10 percent Dec 2022
Consumer Price Index CPI 153.10 154.00 points Dec 2022
Core Inflation Rate 5.40 5.80 percent Dec 2022
Core Consumer Prices 149.20 149.70 points Dec 2022
GDP Deflator 128.40 130.20 points Sep 2022
Producer Prices 127.20 128.60 points Dec 2022
Producer Prices Change 7.60 9.40 percent Dec 2022
Export Prices 148.10 149.70 points Nov 2022
Import Prices 151.80 152.10 points Nov 2022
Food Inflation 10.10 10.30 percent Dec 2022
Wholesale Prices 139.30 143.80 points Dec 2022
CPI Transportation 164.20 168.60 points Dec 2022
CPI Housing Utilities 167.80 167.20 points Dec 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 eight of the most volatile components identified by the Bank of Canada including: fruit, fruit preparations and nuts; vegetables and vegetable preparations; mortgage interest cost; natural gas; fuel oil and other fuels; gasoline; inter-city transportation; and tobacco products and smokers' supplies. It also excludes the effect of changes in indirect taxes.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.80 6.20 0.00 1984 - 2022 percent Monthly