Canada Historical Inflation Rates

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The graph above displays annual inflation rates in Canada for calendar years from 1915 to 2024. To calculate cumulative rates between two different periods, you can use the Canada Inflation Calculator.

Historical Annual Inflation Rates from 1915

The table below contains annual inflation rates in Canada from 1915. The 'Inflation %' column indicates how much prices have changed since the previous year.

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Year-Inflation%5-year Avg.%10-year Avg.%
2024 1.83 3.422.54
2023 3.40 3.332.49
2022 6.32 3.012.20
2021 4.80 1.981.68
2020 0.73 1.591.63
2019 2.25 1.671.74
2018 1.99 1.661.57
2017 1.87 1.401.58
2016 1.50 1.381.64
2015 1.61 1.681.70

Monthly Inflation Rates (YoY) | 1915-2025

The following table contains YoY (year-over-year) inflation rates calculated from monthly CPI data publications. The value of each month indicates the rolling average inflation rate for the last 12 months.

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YearJanFebMarAprMayJunJulAugSepOctNovDecAvg.
2025 1.90 2.64 2.32 2.29
2024 2.86 2.78 2.90 2.69 2.87 2.67 2.53 1.95 1.64 2.02 1.89 1.83 2.39
2023 5.92 5.25 4.30 4.41 3.36 2.81 3.27 4.00 3.80 3.12 3.12 3.40 3.89
2022 5.14 5.69 6.66 6.77 7.73 8.13 7.59 7.01 6.86 6.88 6.80 6.32 6.80
2021 1.02 1.09 2.20 3.39 3.60 3.06 3.72 4.09 4.38 4.65 4.72 4.80 3.39
2020 2.40 2.16 0.89 -0.22 -0.37 0.66 0.15 0.15 0.51 0.66 0.95 0.73 0.72
2019 1.44 1.51 1.88 2.03 2.40 2.02 2.01 1.94 1.87 1.86 2.17 2.25 1.95
2018 1.70 2.16 2.31 2.22 2.22 2.45 2.99 2.84 2.22 2.44 1.68 1.99 2.27
2017 2.13 2.05 1.56 1.64 1.32 1.01 1.16 1.40 1.55 1.39 2.10 1.87 1.60
2016 2.01 1.36 1.27 1.66 1.50 1.49 1.26 1.10 1.34 1.49 1.18 1.50 1.43

Monthly Inflation Rates (MoM) | 1914-2025

This table contains MoM (Month-over-Month) inflation rates calculated from official CPI data publications.

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YearJanFebMarAprMayJunJulAugSepOctNovDecAvg.
2025 0.06 1.05 0.31 0.47
2024 0.00 0.32 0.63 0.50 0.56 -0.06 0.43 -0.19 -0.43 0.43 0.00 -0.37 0.15
2023 0.52 0.39 0.52 0.71 0.38 0.13 0.57 0.38 -0.13 0.06 0.13 -0.31 0.28
2022 0.90 1.03 1.43 0.60 1.40 0.66 0.13 -0.33 0.07 0.72 0.13 -0.58 0.51
2021 0.58 0.51 0.50 0.50 0.50 0.28 0.64 0.21 0.21 0.70 0.21 -0.14 0.39
2020 0.29 0.44 -0.58 -0.66 0.29 0.81 0.00 -0.15 -0.07 0.44 0.15 -0.22 0.06
2019 0.15 0.67 0.67 0.44 0.44 -0.22 0.51 -0.15 -0.44 0.29 -0.15 0.00 0.19
2018 0.69 0.61 0.30 0.30 0.08 0.15 0.52 -0.07 -0.37 0.30 -0.45 -0.07 0.16
2017 0.86 0.15 0.15 0.38 0.08 -0.08 0.00 0.08 0.23 0.08 0.31 -0.38 0.15
2016 0.24 0.24 0.63 0.31 0.39 0.23 -0.15 -0.16 0.08 0.23 -0.39 -0.16 0.12

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