Inflation Rate and Consumer Price Index
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Canadian inflation rate

Canada inflation summary for April 2024

Updated: May 21, 2024
Next update: June 25, 2024

Current Canada inflation rate

April 2024
2.7%
The Consumer Price Index for Canada is 160.6 for the month of April 2024. The inflation rate year over year is 2.7% (compared to 2.9% for the previous month). Inflation from March 2024 to April 2024 was 0.5%.

Previous Canada Inflation Rate

March 2024 to April 2024
0.5%

Month-to-Month Canada Inflation Rate

March 2024
2.9%

Recent inflation rates for Canada

YearjanfebmaraprmayjunjulaugsepoctnovdecAnnual
20242.9%2.8%2.9%2.7%
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%
All inflation rates are calculated using the Canada Consumer Price Index (CPI) series.