Inflation Rate and Consumer Price Index
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Canadian Inflation Rates: 1990 to 2024

Historical inflation rates for Canada

Updated: February 20, 2024
Next update: March 19, 2024
YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.9%
20235.9%5.2%4.3%4.4%3.4%2.8%3.3%4.0%3.8%3.1%3.1%3.4%3.9%
20225.1%5.7%6.7%6.8%7.7%8.1%7.6%7.0%6.9%6.9%6.8%6.3%6.8%
20211.0%1.1%2.2%3.4%3.6%3.1%3.7%4.1%4.4%4.7%4.7%4.8%3.4%
20202.4%2.2%0.9%-0.2%-0.4%0.7%0.1%0.1%0.5%0.7%1.0%0.7%0.7%
20191.4%1.5%1.9%2.0%2.4%2.0%2.0%1.9%1.9%1.9%2.2%2.2%1.9%
20181.7%2.2%2.3%2.2%2.2%2.5%3.0%2.8%2.2%2.4%1.7%2.0%2.3%
20172.1%2.0%1.6%1.6%1.3%1.0%1.2%1.4%1.6%1.4%2.1%1.9%1.6%
20162.0%1.4%1.3%1.7%1.5%1.5%1.3%1.1%1.3%1.5%1.2%1.5%1.4%
20151.0%1.0%1.2%0.8%0.9%1.0%1.3%1.3%1.0%1.0%1.4%1.6%1.1%
20141.5%1.1%1.5%2.0%2.3%2.4%2.1%2.1%2.0%2.4%2.0%1.5%1.9%
20130.5%1.2%1.0%0.4%0.7%1.2%1.3%1.1%1.1%0.7%0.9%1.2%0.9%
20122.5%2.6%1.9%2.0%1.2%1.5%1.3%1.2%1.2%1.2%0.8%0.8%1.5%
20112.3%2.2%3.3%3.3%3.7%3.1%2.7%3.1%3.2%2.9%2.9%2.3%2.9%
20101.9%1.6%1.4%1.8%1.4%1.0%1.8%1.7%1.9%2.4%2.0%2.4%1.8%
20091.1%1.4%1.2%0.4%0.1%-0.3%-0.9%-0.8%-0.9%0.1%1.0%1.3%0.3%
20082.2%1.8%1.4%1.7%2.2%3.1%3.4%3.5%3.4%2.6%2.0%1.2%2.4%
20071.1%2.0%2.3%2.2%2.2%2.2%2.2%1.7%2.5%2.4%2.5%2.4%2.1%
20062.8%2.2%2.2%2.4%2.8%2.4%2.3%2.1%0.7%1.0%1.4%1.7%2.0%
20051.9%2.1%2.3%2.4%1.6%1.7%2.0%2.6%3.2%2.6%2.0%2.1%2.2%
20041.3%0.7%0.8%1.7%2.4%2.5%2.3%1.8%1.8%2.3%2.4%2.1%1.9%
20034.5%4.7%4.2%2.9%2.8%2.6%2.1%2.0%2.2%1.6%1.6%2.1%2.8%
20021.3%1.4%1.9%1.7%1.1%1.2%2.1%2.5%2.3%3.2%4.4%3.8%2.3%
20013.0%2.9%2.4%3.5%3.9%3.4%2.7%2.8%2.6%1.9%0.6%0.7%2.5%
20002.2%2.7%3.0%2.2%2.4%2.8%2.9%2.6%2.7%2.8%3.2%3.2%2.7%
19990.7%0.7%1.0%1.6%1.5%1.6%1.9%2.1%2.6%2.3%2.2%2.6%1.7%
19981.1%1.0%1.0%0.9%1.1%1.0%1.0%0.9%0.7%1.1%1.2%1.0%1.0%
19972.2%2.3%1.9%1.7%1.5%1.7%1.7%1.8%1.7%1.5%0.9%0.8%1.6%
19961.6%1.3%1.5%1.4%1.5%1.5%1.3%1.5%1.5%1.8%1.9%2.2%1.6%
19950.6%1.9%2.1%2.5%2.9%2.7%2.6%2.2%2.2%2.3%2.1%1.7%2.1%
19941.3%0.1%0.2%0.2%-0.2%0.0%0.1%0.1%0.2%-0.2%-0.1%0.2%0.2%
19932.0%2.4%1.9%1.8%1.9%1.7%1.7%1.8%1.8%1.9%1.9%1.7%1.9%
19921.6%1.6%1.6%1.7%1.3%1.1%1.2%1.1%1.3%1.6%1.7%2.2%1.5%
19916.9%6.2%6.2%6.2%6.2%6.3%6.0%6.0%5.5%4.4%4.1%3.8%5.6%
19905.5%5.5%5.3%5.0%4.4%4.4%4.1%4.1%4.2%4.7%5.1%5.0%4.8%

Additional resources

All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.