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Canada Annual Inflation Rate

Canada's annual inflation rate fell to 2.38% in 2024, down from 3.88% in 2023, according to World Bank. This represents a decrease of 1.5% from the previous year. Canada has annual inflation rate lower than the global median (2.38% vs median 3.16%). Compared with the median in Americas, Canada is lower (2.38% vs regional median 3.29%) and ranks 24th out of 35 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 2.38%
2023 3.88%
2022 6.8%
2021 3.4%
2020 0.72%
2019 1.95%
2018 2.27%
2017 1.6%
2016 1.43%
2015 1.13%
2014 1.91%
2013 0.94%
2012 1.52%
2011 2.91%
2010 1.78%
2009 0.3%
2008 2.37%
2007 2.14%
2006 2%
2005 2.21%
2004 1.86%
2003 2.76%
2002 2.26%
2001 2.53%
2000 2.72%
1999 1.73%
1998 1%
1997 1.62%
1996 1.57%
1995 2.15%
1994 0.17%
1993 1.87%
1992 1.49%
1991 5.63%
1990 4.78%
1989 4.98%
1988 4.03%
1987 4.36%
1986 4.19%
1985 3.96%
1984 4.3%
1983 5.86%
1982 10.77%
1981 12.47%
1980 10.13%
1979 9.14%
1978 8.97%
1977 7.98%
1976 7.54%
1975 10.67%
1974 11%
1973 7.49%
1972 4.99%
1971 2.7%
1970 3.35%
1969 4.56%
1968 4.06%
1967 3.58%
1966 3.82%
1965 2.33%
1964 1.91%
1963 1.63%
1962 1.06%
1961 1.02%
1960 1.36%
Canada Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Canada.
Indicator Last Value Prior Value Period
Core Inflation Rate 2.8% 2.6% Sep'25
Inflation Rate 2.4% 1.9% Sep'25
Inflation Rate MoM 0.1% -0.1% Sep'25
Producer Price Index (PPI) 5.5% 3.7% Sep'25