Canada Inflation Rate (CPI, Annual %) (2024)
Canada's Inflation Rate (CPI, Annual %): 2.4 % annual change in 2024, -1.5pp YoY. World Bank (FP.CPI.TOTL.ZG), 1990–2024.
Canada (2024)
2.4
% annual change
-1.5pp YoY
YoY Change
-1.5pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % annual change | YoY Change |
|---|---|---|
| 2024 | 2.4 | -1.5pp |
| 2023 | 3.9 | -2.9pp |
| 2022 | 6.8 | +3.4pp |
| 2021 | 3.4 | +2.7pp |
| 2020 | 0.7 | -1.2pp |
| 2019 | 1.9 | -0.3pp |
| 2018 | 2.3 | +0.7pp |
| 2017 | 1.6 | +0.2pp |
| 2016 | 1.4 | +0.3pp |
| 2015 | 1.1 | -0.8pp |
| 2014 | 1.9 | +1pp |
| 2013 | 0.9 | -0.6pp |
| 2012 | 1.5 | -1.4pp |
| 2011 | 2.9 | +1.1pp |
| 2010 | 1.8 | +1.5pp |
| 2009 | 0.3 | -2.1pp |
| 2008 | 2.4 | +0.2pp |
| 2007 | 2.1 | +0.1pp |
| 2006 | 2 | -0.2pp |
| 2005 | 2.2 | n/a |
About this Dataset
Canada recorded 2.4 % annual change in 2024. The most recent year-on-year change was -1.5pp. The historical series (1990–2024) shows a peak of 6.8 in 2022 and a trough of 0.2 in 1994.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks canada inflation rate (cpi, annual %) in Canada, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 6.8 % annual change in 2022 and reached its lowest recorded value of 0.2 in 1994. The latest reading of 2.4 in 2024 represents a year-on-year change of -1.5pp.