FX.co ★ Canada’s Core CPI Momentum Eases in March, Signalling Softer Inflation Pulse

Canada’s core Consumer Price Index (CPI) growth slowed in March 2026, with the month‑over‑month increase easing to 0.2%, down from 0.4% in February. The latest data, updated on 20 April 2026, indicate a moderation in underlying inflation pressures as measured by core CPI, which strips out more volatile price components.

On a month‑over‑month basis, the “Actual” figure for March reflects the change from February to March, while the “Previous” figure captures the February move compared with January. The deceleration from 0.4% to 0.2% suggests that price gains in core categories are cooling, an outcome that markets and policymakers closely track when assessing the trajectory of inflation and potential implications for future monetary policy decisions in Canada.