Current Inflation Rate 2024 Canada 2024. The current inflation rate in canada is 1.95%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in august 2024. Annual inflation rose to 3.4% in december from 3.1% in november, statistics canada said, matching estimates by economists polled by reuters.
In depth view into canada. The inflation rate year over year is 2.0% (compared to 2.5% for the previous month).