Inflation Rate For 2024 Canada Inflation Rate. The 'inflation %' column indicates how much prices have changed since the previous year. The consumer price index (cpi) rose 6.8% on an annual average basis in 2022.
The current inflation rate in canada is 1.64%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in september 2024. Canada inflation rate for 2021 was 3.40% , a 2.68% increase from 2020.