Canada inflation rate for 2023 was 3.88%, a 2.92% decline from 2022.
Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021.
Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020.
Canada inflation rate for 2020 was 0.72%, a 1.23% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
