Inflation Rate For 2024 Canada And Us. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021. Canada’s inflation rate ticked up to 2 per cent in october 2024, driven mostly by higher gas prices.
The annual inflation rate in canada decelerated for the third month to hit 2% in august 2024, the softest since february 2021, slightly below forecasts of 2.1% and reaching the central bank’s target for the first time in over three years. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021.