North America
Canada Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
2.4%
As of 2024
YoY Change
-38.6%
2023 → 2024
Record High
12.5%
Recorded in 1981
Record Low
0.2%
Recorded in 1994
10-Year Average
2.6%
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
1960 – 2024
Analysis
Canada's inflation rate stands at 2.38% as of 2024, indicating a moderate increase in prices of goods and services. The inflation rate is within the Bank of Canada's target range of 1-3%, suggesting a stable economy. This stability can contribute to consumer and investor confidence.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 2.4% | 1.5% | -38.6% |
| 2023 | 3.9% | 2.9% | -43.0% |
| 2022 | 6.8% | 3.4% | +100.4% |
| 2021 | 3.4% | 2.7% | +373.5% |
| 2020 | 0.7% | 1.2% | -63.2% |
| 2019 | 1.9% | 0.3% | -14.1% |
| 2018 | 2.3% | 0.7% | +42.0% |
| 2017 | 1.6% | 0.2% | +11.8% |
| 2016 | 1.4% | 0.3% | +27.0% |
| 2015 | 1.1% | 0.8% | -41.0% |
Source: World Bank Open Data · 1960–2024
Similar Rankings
Global · Inflation
