Current Inflation Rate 2024 Canada. The consumer price index (cpi) rose 6.8% on an annual average basis in 2022. You can find upcoming cpi release dates for 2024 and 2025 on our schedule page.
The inflation rate year over year is 1.6% (compared to 2.0% for the previous month). It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers.