Annual core inflation rate in Canada edged up to 2.2% in May 2026 from 2.1% in April. Core Inflation Rate in Canada averaged 2.26 percent from 1984 until 2026, 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. source: Statistics Canada
Core consumer prices in Canada increased 2.20 percent in May of 2026 over the same month in the previous year.
Core consumer prices in Canada increased 2.20 percent in May of 2026 over the same month in the previous year. Core Inflation Rate in Canada is expected to be 2.30 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 and 2.30 percent in 2028, according to our econometric models.