Inflation Rate In 2024 Canada. Economic growth in canada is forecast to pick up gradually and average 2¼% over the projection. Since central banks around the world swiftly increased interest rates, inflation in canada has come down from its june 2022 peak of 8.1 per cent to 2.8 per cent in february.

The consumer price index for canada is 161.1 for the month of september 2024. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021.