Canada Inflation Rate 2024. The canadian consumer price index reference paper. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021.

The current inflation rate in canada is 2.53%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in july 2024. Canada’s annual inflation rate slowed to 2.9 per cent in january, mostly due to a deceleration in the price of gas, statistics canada said tuesday.