19.05.202612:30:00UTC+00Canada’s Median CPI Eases to 2.1% in April, Extending Disinflation Trend

Canada’s median consumer price index (CPI) slowed to 2.1% year-over-year in April 2026, down from 2.3% in March 2026, according to data updated on 19 May 2026. The median CPI is one of the Bank of Canada’s preferred core inflation measures, designed to filter out more volatile price movements and give a clearer view of underlying inflation pressures.

On a year-over-year basis, the April reading shows that underlying inflation continues to ease, extending the disinflation trend seen in recent months. The “actual” figures compare April 2026 to April 2025, while the “previous” figures compare March 2026 to March 2025, highlighting a continued step down in core price growth.

The further moderation in median CPI suggests that price pressures are gradually aligning more closely with the Bank of Canada’s 2% inflation target, a development likely to be closely watched by markets and policymakers assessing the future path of interest rates.