Rate Of Inflation 2024 Canada By Year. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021. Canada inflation rate for 2020 was 0.72%, a.

Some of the most notable annual average price increases experienced by canadian consumers were for gasoline (+28.5%), food purchased from stores (+9.8%) and shelter (+6.9%). The canadian consumer price index reference paper.