Canadian inflation rate
Canada inflation summary for April 2023
Updated: May 16, 2023
Next update: June 27, 2023
Current Canada inflation rate
April 2023
4.4%
The Consumer Price Index for Canada is 156.4 for the month of April 2023. The inflation rate year over year is 4.4% (compared to 4.3% for the previous month). Inflation from March 2023 to April 2023 was 0.7%.
Previous Canada Inflation Rate
March 2023 to April 2023
0.7%
Month-to-Month Canada Inflation Rate
March 2023
4.3%
Recent inflation rates for Canada
| Year | jan | feb | mar | apr | may | jun | jul | aug | sep | oct | nov | dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 5.9% | 5.2% | 4.3% | 4.4% | |||||||||
| 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% |
| 2019 | 1.4% | 1.5% | 1.9% | 2.0% | 2.4% | 2.0% | 2.0% | 1.9% | 1.9% | 1.9% | 2.2% | 2.2% | 1.9% |
Additional resources
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.