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 2023 was 3.88%, a 2.92% decline from 2022.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
3.88% |
-2.92% |
| 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% |
