Canadian inflation rate
Canada inflation summary for July 2024
Updated: August 20, 2024
Next update: September 17, 2024
Current Canada inflation rate
July 2024
2.5%
The Consumer Price Index for Canada is 162.1 for the month of July 2024. The inflation rate year over year is 2.5% (compared to 2.7% for the previous month). Inflation from June 2024 to July 2024 was 0.4%.
Previous Canada Inflation Rate
June 2024 to July 2024
0.4%
Month-to-Month Canada Inflation Rate
June 2024
2.7%
Recent inflation rates for Canada
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.9% | 2.8% | 2.9% | 2.7% | 2.9% | 2.7% | 2.5% | ||||||
| 2023 | 5.9% | 5.2% | 4.3% | 4.4% | 3.4% | 2.8% | 3.3% | 4.0% | 3.8% | 3.1% | 3.1% | 3.4% | 3.9% |
| 2022 | 5.1% | 5.7% | 6.7% | 6.8% | 7.7% | 8.1% | 7.6% | 7.0% | 6.9% | 6.9% | 6.8% | 6.3% | 6.8% |
| 2021 | 1.0% | 1.1% | 2.2% | 3.4% | 3.6% | 3.1% | 3.7% | 4.1% | 4.4% | 4.7% | 4.7% | 4.8% | 3.4% |
| 2020 | 2.4% | 2.2% | 0.9% | -0.2% | -0.4% | 0.7% | 0.1% | 0.1% | 0.5% | 0.7% | 1.0% | 0.7% | 0.7% |
Additional resources
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.