Monthly inflation rate in Canada 2019-2024

Published by Statista Research Department, Jul 4, 2024
Since July 2020, the inflation rate in Canada has been increasing at a steady pace. It amounted to 0.1 percent at that time, but had reached 6.9 percent by October 2022, a rise that was mainly driven by rising gas prices.
By the end of April 2023, the Consumer Price Index (CPI) of Canada, which is the official measure of inflation, had increased by 0.7 percent from the previous month.

Monthly inflation rate in Canada from January 2019 to April 2024

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Source

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Release date

May 2024

Region

Canada

Survey time period

January 2019 to April 2024

Supplementary notes

The source adds the following information: "All inflation rates are calculated using the Canada Consumer Price Index (CPI) series."

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