Annual inflation, consumer prices in Canada

Canada: Annual inflation, consumer prices was 2.4% in 2024. β—† Volatile

Latest (2024)
2.4%
Change on year
down 38.6%
World rank
124th
of 187 countries
All-time high
6.8%
in 2022
All-time low
0.3%
in 2009
Years of data
25
2000–2024

Annual inflation, consumer prices in Canada, 2000–2024

02462000201220242000: 2.7 %2001: 2.5 %2002: 2.3 %2003: 2.8 %2004: 1.9 %2005: 2.2 %2006: 2 %2007: 2.1 %2008: 2.4 %2009: 0.299 %2010: 1.8 %2011: 2.9 %2012: 1.5 %2013: 0.938 %2014: 1.9 %2015: 1.1 %2016: 1.4 %2017: 1.6 %2018: 2.3 %2019: 1.9 %2020: 0.717 %2021: 3.4 %2022: 6.8 %2023: 3.9 %2024: 2.4 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

In 2024, annual inflation, consumer prices in Canada stood at 2.4%.

That represents a change of down 38.6% on the previous year and up 24.9% over ten years.

Over the whole period, annual inflation, consumer prices in Canada peaked at 6.8% in 2022 and was at its lowest, 0.3%, in 2009.

Canada ranks 124th of 187 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.1% 0.3% 2.8% 10
2010s 1.7% 0.9% 2.9% 10
2020s 3.4% 0.7% 6.8% 5

Countries ranked near Canada

  1. 121 Czechia 2.4% compare
  2. 122 Portugal 2.4% compare
  3. 123 Singapore 2.4% compare
  4. 125 Republic of Korea 2.3% compare
  5. 126 Germany 2.3% compare
  6. 127 Palau 2.2% compare

See the full ranking of 223 places β†’

More development goals data for Canada

All data for Canada β†’

Frequently asked questions

What is annual inflation, consumer prices in Canada?
Annual inflation, consumer prices in Canada was 2.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in Canada?
The highest recorded value was 6.8% in 2022.
What is the lowest annual inflation, consumer prices recorded in Canada?
The lowest recorded value was 0.3% in 2009.
How does Canada rank for annual inflation, consumer prices?
Canada ranks 124th out of 187 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in Canada?
Over the last ten years it is up 24.9%. The long-run trend across the full record is volatile.
Where does this Canada data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in Canada. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/canada/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed