The trimmed-mean core inflation rate in Canada, the Bank of Canada's preferred gauge for underlying inflation in monetary policy decisions, rose to 2.6% in October 2024, rebounding from its lowest level since April 2021 and exceeding both the previous month's figure and forecasts of 2.4%.
CPI Trimmed-Mean in Canada averaged 2.06 Percent from 1990 until 2024, reaching an all time high of 5.60 Percent in June of 2022 and a record low of 0.80 Percent in December of 1997. This page includes a chart with historical data for Canada CPI Trimmed-mean YoY. Canada CPI Trimmed-mean YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.
CPI Trimmed-Mean 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 CPI Trimmed-mean YoY is projected to trend around 2.10 Percent in 2025, according to our econometric models.