Inflation 2024 Canada. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021. The annual inflation rate in canada fell to 2.5% in july of 2024 from 2.7% in the previous month, matching market expectations, to mark the softest increase in consumer prices.

These consumer price indexes were released by statistics canada on august 20, 2024 for the month of july 2024. You can find upcoming cpi release dates on our schedule.