19.05.202612:30:00UTC+00Canada’s Trimmed CPI Eases to 2.0% in April, Edging Closer to BoC Target

Canada’s trimmed Consumer Price Index (CPI) slowed to 2.0% year-over-year in April 2026, down from 2.2% in March 2026, according to data updated on 19 May 2026. The trimmed CPI is one of the Bank of Canada’s preferred core inflation measures, designed to strip out the most volatile price movements and provide a clearer view of underlying inflation pressures.

On a year-over-year basis, April’s reading brings trimmed CPI exactly in line with the Bank of Canada’s 2% inflation target. The previous month’s 2.2% figure, also measured against the same month a year earlier, suggested gradually easing price pressures, and the latest data reinforce that disinflationary trend.

The continued moderation in core inflation may influence expectations around the Bank of Canada’s policy path, as markets weigh the implications of inflation settling closer to target. Investors and analysts will be watching upcoming releases to assess whether this softer core inflation profile is sustained in the months ahead.