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Canada’s consumer price inflation eased sharply on a month‑over‑month basis in April 2026, with the Consumer Price Index (CPI) rising 0.4%, down from a 0.9% increase in March. The figures, updated on 19 May 2026, highlight a clear moderation in short‑term price pressures across the economy.
The comparison is based on monthly changes: the “actual” figure for April reflects how prices moved relative to March, while the “previous” figure shows March’s change compared with February. The slowdown from 0.9% to 0.4% suggests that, while prices are still climbing, the pace of increases has cooled significantly heading into the second quarter of 2026. Investors and policymakers will now be watching upcoming releases closely to determine whether this marks the start of a broader disinflationary trend or a temporary pause in inflation’s earlier acceleration.
