FX.co ★ Canada’s Trimmed CPI Holds Steady at 2.0% in May, Matching April Reading

Canada’s trimmed Consumer Price Index (CPI) remained unchanged in May 2026, holding at 2.0% year-over-year, the same rate recorded in April 2026. The data, updated on 22 June 2026, show that the underlying inflation measure has now posted back-to-back readings at the 2.0% level.

On a year-over-year basis, the “actual” figure for May reflects price changes compared with May a year earlier, while the previous month’s reading captures the change in April versus April a year earlier. With both months sitting at 2.0%, the numbers suggest that underlying price pressures, as captured by the trimmed CPI, have stabilized over the spring period.