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.
| 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% |