2024 Inflation Rate In Canada. The current inflation rate in canada is 2.53%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in july 2024. Rents rise by 8.9% in aug from 8.5% in july.
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. Canada inflation rate (i:cirumy) 1.95% for aug 2024.