2024 Inflation Rate Canada. Inflation in canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply chains and restrictive. It measures price change by comparing, through time, the cost of a fixed basket of goods and services.

Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020. You can find upcoming cpi release dates on our schedule page.