Canada’s median Consumer Price Index (CPI) slowed to 2.3% year-over-year in February 2026, down from 2.5% in January 2026, according to data updated on 16 March 2026. The median CPI measure, which compares price changes in February 2026 to those in February 2025, continues to signal a gradual easing in underlying inflation pressures.
The February reading marks a further step down from January’s year-over-year pace, reinforcing a disinflationary trend in Canada’s core price dynamics. With the median CPI moving closer to the Bank of Canada’s 2% target, the softer data may influence expectations around the timing and pace of future monetary policy decisions.
