Inflation Rate Canada 2024. The table below contains annual inflation rates in canada from 1915. Inflation in canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply chains and restrictive monetary policy.
Consumer price index inflation in the third quarter of 2024 came in 0.2 percentage points weaker than expected. Canadian consumers were confronted with higher prices in 2021, including for everyday necessities, such as food (+2.5%), transportation (+7.2%) and shelter (+3.9%).