Canada Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021.
  • Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020.
  • Canada inflation rate for 2020 was 0.72%, a 1.23% decline from 2019.
  • Canada inflation rate for 2019 was 1.95%, a 0.32% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Canada Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 6.80% 3.41%
2021 3.40% 2.68%
2020 0.72% -1.23%
2019 1.95% -0.32%
2018 2.27% 0.67%
2017 1.60% 0.17%
2016 1.43% 0.30%
2015 1.13% -0.78%
2014 1.91% 0.97%
2013 0.94% -0.58%
2012 1.52% -1.40%
2011 2.91% 1.14%
2010 1.78% 1.48%
2009 0.30% -2.07%
2008 2.37% 0.23%
2007 2.14% 0.14%
2006 2.00% -0.21%
2005 2.21% 0.36%
2004 1.86% -0.90%
2003 2.76% 0.50%
2002 2.26% -0.27%
2001 2.53% -0.19%
2000 2.72% 0.98%
1999 1.73% 0.74%
1998 1.00% -0.63%
1997 1.62% 0.05%
1996 1.57% -0.58%
1995 2.15% 1.98%
1994 0.17% -1.70%
1993 1.87% 0.38%
1992 1.49% -4.14%
1991 5.63% 0.85%
1990 4.78% -0.20%
1989 4.98% 0.96%
1988 4.03% -0.33%
1987 4.36% 0.16%
1986 4.19% 0.23%
1985 3.96% -0.34%
1984 4.30% -1.56%
1983 5.86% -4.91%
1982 10.77% -1.70%
1981 12.47% 2.34%
1980 10.13% 0.98%
1979 9.14% 0.17%
1978 8.97% 1.00%
1977 7.98% 0.43%
1976 7.54% -3.13%
1975 10.67% -0.32%
1974 11.00% 3.51%
1973 7.49% 2.50%
1972 4.99% 2.28%
1971 2.70% -0.64%
1970 3.35% -1.22%
1969 4.56% 0.51%
1968 4.06% 0.48%
1967 3.58% -0.24%
1966 3.82% 1.48%
1965 2.33% 0.42%
1964 1.91% 0.28%
1963 1.63% 0.57%
1962 1.06% 0.04%
1961 1.02% -0.34%
1960 1.36% -0.34%