2026.05.1912:30:00UTC+00Canada’s April CPI Reaccelerates to 2.8% YoY, Snapping Prior Month’s Cooling Trend

Canada’s consumer price momentum picked up in April 2026, with the year-over-year Consumer Price Index (CPI) rising to 2.8%, up from 2.4% in March 2026. The data, updated on 19 May 2026, indicate a reacceleration in inflation after a brief period of cooling.

Both the current and previous readings compare prices to the same month a year earlier, meaning April’s 2.8% figure reflects how much prices have increased since April of the prior year, while March’s 2.4% represented the change versus March a year earlier. The move higher in April suggests that inflationary pressures have firmed again, a development likely to draw close attention from policymakers and market participants assessing the path of Canadian interest rates and economic growth.