Canada’s annual core inflation, which excludes eight of the most volatile components such as food, energy, and mortgage interest costs, eased to 2.8% in December 2025 from 2.9% the month before. On a monthly basis, core consumer prices fell by 0.4% in December, after a 0.1% decrease in the prior month. source: Statistics Canada

Core consumer prices in Canada increased 2.80 percent in December of 2025 over the same month in the previous year. Core Inflation Rate in Canada averaged 2.26 percent from 1984 until 2025, 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 2026.

Core consumer prices in Canada increased 2.80 percent in December of 2025 over the same month in the previous year. Core Inflation Rate in Canada is expected to be 2.60 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 2.40 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-15 01:30 PM
Core Inflation Rate YoY
Nov 2.9% 2.9% 2.9%
2026-01-19 01:30 PM
Core Inflation Rate YoY
Dec 2.8% 2.9% 2.8%
2026-02-17 01:30 PM
Core Inflation Rate YoY
Jan 2.8% 2.8%

Components Last Previous Unit Reference
Inflation Rate YoY 2.40 2.20 percent Dec 2025
PPI YoY 4.90 5.90 percent Dec 2025

Related Last Previous Unit Reference
Consumer Price Index CPI 165.00 165.40 points Dec 2025
Core Consumer Prices 160.20 160.80 points Dec 2025
Core Inflation Rate YoY 2.80 2.90 percent Dec 2025
CPI Housing Utilities 189.70 189.60 points Dec 2025
CPI Transportation 172.60 171.60 points Dec 2025
Export Prices 140.30 138.70 points Nov 2025
Food Inflation 6.20 4.20 percent Dec 2025
GDP Implicit Price 130.10 129.10 points Sep 2025
Import Prices 137.60 137.20 points Nov 2025
Inflation Rate MoM -0.20 0.10 percent Dec 2025
Producer Prices 134.60 135.40 points Dec 2025
Raw Materials Prices MoM 150.50 149.80 points Dec 2025


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
2.80 2.90 6.20 0.00 1984 - 2025 percent Monthly

News Stream
Canada Core Inflation Holds at 2.6% in August Below Expectations
Canada’s annual core inflation, which strips out eight of the most volatile components including food, energy, and mortgage interest costs, held steady at 2.6% in August 2025, unchanged from July and slightly below market expectations of 2.7%. On a monthly basis, core consumer prices were flat, following a 0.1% increase in July.
2025-09-16
Canada Annual Core Inflation Rate Drops to 2.2%
The annual core inflation rate in Canada which excludes eight of the most volatile components such as food, energy and mortgage interest costs, fell to 2.2% in March 2025 from an over one-year high of 2.7% in the prior month. This marked the first slowdown in core inflation after three consecutive months of increases. On a monthly basis, core consumer prices rose by 0.1% in March, slowing from a 0.7% increase in the prior month.
2025-04-15