What Is The Inflation Rate For 2024 In Canada. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021. The consumer price index for canada is 161.8 for the month of august 2024.

The current inflation rate in canada is 1.95%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in august 2024. You can find upcoming cpi release dates on our schedule page.