Inflation Rate and Consumer Price Index
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Canadian inflation rate

Canada inflation summary for May 2021

Updated: June 16, 2021
Next update: July 28, 2021

Current Canada inflation rate

May 2021
3.6%
The Consumer Price Index for Canada is 141 for the month of May 2021. The inflation rate year over year is 3.6% (compared to 3.4% for the previous month). Inflation from April 2021 to May 2021 was 0.5%.

Previous Canada Inflation Rate

April 2021 to May 2021
0.5%

Month-to-Month Canada Inflation Rate

April 2021
3.4%

Recent inflation rates for Canada

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20211.0%1.1%2.2%3.4%3.6%
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%
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.