Canada Bank of Canada Core CPI (CPIX) in Canada

Banco de Canada · Monthly · Importance 3

2.25% (Jul-26) YOY · % · Mensual · CSV
0.25% (Jul-26) MOM · % · Mensual · CSV
Period%
Jul 2026 2.25%
Jun 2026 2.13%
May 2026 2.20%
Apr 2026 2.15%
Mar 2026 2.47%
Feb 2026 2.35%
Jan 2026 2.62%
Dec 2025 2.82%
Nov 2025 2.88%
Oct 2025 2.94%
Sep 2025 2.83%
Aug 2025 2.63%
Jul 2025 2.57%
Jun 2025 2.70%
May 2025 2.51%
Apr 2025 2.52%
Mar 2025 2.20%
Feb 2025 2.67%
Jan 2025 2.09%
Dec 2024 1.76%
Nov 2024 1.56%
Oct 2024 1.69%
Sep 2024 1.57%
Aug 2024 1.50%
Jul 2024 1.70%
Jun 2024 1.90%
May 2024 1.83%
Apr 2024 1.64%
Mar 2024 1.98%
Feb 2024 2.06%
Jan 2024 2.40%
Dec 2023 2.61%
Nov 2023 2.81%
Oct 2023 2.74%
Sep 2023 2.82%
Aug 2023 3.30%
Jul 2023 3.16%
Jun 2023 3.18%
May 2023 3.67%
Apr 2023 4.11%
Mar 2023 4.27%
Feb 2023 4.66%
Jan 2023 4.98%
Dec 2022 5.44%
Nov 2022 5.80%
Oct 2022 5.80%
Sep 2022 5.97%
Aug 2022 5.84%
Jul 2022 6.07%
Jun 2022 6.18%
May 2022 6.12%
Apr 2022 5.72%
Mar 2022 5.53%
Feb 2022 4.81%
Jan 2022 4.32%
Dec 2021 4.04%
Nov 2021 3.59%
Oct 2021 3.82%
Sep 2021 3.68%
Aug 2021 3.54%
Period%
Jul 2026 0.25%
Jun 2026 0.06%
May 2026 0.62%
Apr 2026 0.19%
Mar 2026 0.19%
Feb 2026 0.44%
Jan 2026 0.25%
Dec 2025 -0.37%
Nov 2025 -0.12%
Oct 2025 0.56%
Sep 2025 0.19%
Aug 2025 0.00%
Jul 2025 0.13%
Jun 2025 0.13%
May 2025 0.57%
Apr 2025 0.51%
Mar 2025 0.06%
Feb 2025 0.70%
Jan 2025 0.45%
Dec 2024 -0.32%
Nov 2024 -0.06%
Oct 2024 0.45%
Sep 2024 0.00%
Aug 2024 -0.06%
Jul 2024 0.26%
Jun 2024 -0.06%
May 2024 0.58%
Apr 2024 0.19%
Mar 2024 0.52%
Feb 2024 0.13%
Jan 2024 0.13%
Dec 2023 -0.52%
Nov 2023 0.07%
Oct 2023 0.33%
Sep 2023 -0.07%
Aug 2023 0.13%
Jul 2023 0.46%
Jun 2023 -0.13%
May 2023 0.39%
Apr 2023 0.53%
Mar 2023 0.60%
Feb 2023 0.47%
Jan 2023 0.34%
Dec 2022 -0.33%
Nov 2022 0.00%
Oct 2022 0.40%
Sep 2022 0.40%
Aug 2022 0.00%
Jul 2022 0.47%
Jun 2022 0.34%
May 2022 0.82%
Apr 2022 0.69%
Mar 2022 0.97%
Feb 2022 0.77%
Jan 2022 0.78%
Dec 2021 0.00%
Nov 2021 0.00%
Oct 2021 0.57%
Sep 2021 0.29%
Aug 2021 0.21%

About this indicator

SourceStatistics Canada / Bank of Canada (table 18-10-0256)
FrequencyMonthly
Release Mismo dia y hora que el IPC de Canada (unas 3 semanas tras el fin del mes de referencia, 08:30 ET / 12:30 GMT)
What it isCore inflation measure defined by the Bank of Canada, known as CPIX: total CPI excluding the eight most volatile components and the effect of indirect taxes.
How it's calculatedStatistics Canada computes the index (NSA) removing the eight most volatile components and indirect-tax effects. YoY compares with the same month a year earlier; MoM with the previous month.
Market implicationsOne of the core inflation measures the Bank of Canada watches when setting its policy rate. Persistent readings above 2% argue for tighter policy; below, for cuts.
LimitationsCPIX is an older BoC definition; since 2016 the BoC prefers CPI-trim, CPI-median and CPI-common. Excluding a fixed list a priori can miss genuine inflation concentrated in the excluded items.