Core consumer prices in Canada increased 4.10 percent in April of 2023 over the same month in the previous year. source: Statistics Canada

Core Inflation Rate in Canada averaged 2.25 percent from 1984 until 2023, 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 June of 2023.

Core Inflation Rate in Canada is expected to be 2.90 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
2023-04-18 12:30 PM Mar 4.3% 4.7% 4.4% 4.3%
2023-05-16 12:30 PM Apr 4.1% 4.3% 3.8%
2023-06-27 12:30 PM May 3.1%


Related Last Previous Unit Reference
Inflation Rate 4.40 4.30 percent Apr 2023
Inflation Rate MoM 0.70 0.50 percent Apr 2023
Consumer Price Index CPI 156.40 155.30 points Apr 2023
Core Inflation Rate 4.10 4.30 percent Apr 2023
Core Consumer Prices 152.10 151.30 points Apr 2023
GDP Deflator 127.70 127.40 points Mar 2023
Producer Prices 125.90 126.20 points Apr 2023
Producer Prices Change -3.50 -2.20 percent Apr 2023
Export Prices 143.60 144.20 points Mar 2023
Import Prices 150.40 149.30 points Mar 2023
Food Inflation 8.30 8.90 percent Apr 2023
Wholesale Prices 143.60 139.50 points Apr 2023
CPI Transportation 168.50 166.00 points Apr 2023
CPI Housing Utilities 169.90 168.90 points Apr 2023

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
4.10 4.30 6.20 0.00 1984 - 2023 percent Monthly