Current Inflation Rate 2024 Canada November. The current inflation rate in canada is 1.95%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in august 2024. That happened just about two years after canada reached peak inflation of 8.1%.
Annual inflation rose to 3.4% in december from 3.1% in november, statistics canada said, matching estimates by economists polled by reuters. The inflation rate year over year is 2.0% (compared to 2.5% for the previous.
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