Canada core inflation rate


Canada core inflation rate: 1.8 (12.5%)
Last Update: May 31, 2024

Canada core inflation rate closed down 1.8 as of May 31, 2024 from 1.6 from the previous month and 3.7 from last year.


Canada core inflation rate Analytics & Data



Canada core inflation rate

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Canada core inflation rate

DateValues
2024-05-31 1.8
2024-04-30 1.6
2024-03-31 2
2024-02-29 2.1
2024-01-31 2.4
2023-12-31 2.6
2023-11-30 2.8
2023-10-31 2.7
2023-09-30 2.8
2023-08-31 3.3
2023-07-31 3.2
2023-06-30 3.2
2023-05-31 3.7
2023-04-30 4.1
2023-03-31 4.3
2023-02-28 4.7
2023-01-31 5
2022-12-31 5.4
2022-11-30 5.8
2022-10-31 5.8
2022-09-30 6
2022-08-31 5.8
2022-07-31 6.1
2022-06-30 6.2

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Canada core inflation rate Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
core inflation rateca.coreinflationrate1.81.612-51DownDown202024-05-31

Canada core inflation rate Factors

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Canada core inflation rate Historical Data

The MacroVar database offers free access to historical data for the Canada core inflation rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Canada core inflation rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Canada core inflation rate

The core inflation rate in Canada is a measure of inflation that excludes certain volatile items, such as gasoline and food prices, in order to provide a more stable and accurate reflection of underlying inflation trends. By focusing on core inflation, policymakers and economists can better assess the long-term trajectory of price changes in the economy, which is important for making informed decisions about monetary policy. The core inflation rate is considered to be a more reliable indicator of inflationary pressures and is often used by the Bank of Canada to guide its interest rate decisions. Overall, monitoring the core inflation rate is crucial for understanding the overall health of the Canadian economy and ensuring price stability.