Canada Inflation Rate

Last updated: 2022-09-26

Annual inflation

7.01%

YoY ending in Aug 2022

Monthly inflation

-0.33%

August 2022

The graph above shows the annual inflation rates in Canada for the previous 10 calendar years, from 2012. For additional years, see the historical inflation rates. To calculate cumulative rates between two different periods, you can use the Canada Inflation Calculator.

The current inflation rate in Canada is 7.01%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in August 2022.

In August 2022, the monthly inflation rate was -0.33.

The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

Year Measure Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 YoY 5.14 5.69 6.66 6.77 7.73 8.13 7.59 7.01
MoM 0.90 1.03 1.43 0.60 1.40 0.66 0.13 -0.33
2021 YoY 1.02 1.09 2.20 3.39 3.60 3.06 3.72 4.09 4.38 4.65 4.72 4.80
MoM 0.58 0.51 0.50 0.50 0.50 0.28 0.64 0.21 0.21 0.70 0.21 -0.14

Historical Annual Inflation Rates from 1915

The table below contains annual inflation rates in Canada from 1915. The 'Inflation %' column indicates how much prices have changed since the previous year.

The 5-year and 10-year columns display the rolling average of the yearly inflation. For example, the 5-year avg. on the first row indicates that between 2016 and 2021, the average inflation rate was 1.98%. These values can be useful for long-term analysis and forecasting.

You can click or tap the table’s headers to sort the information.

Year Inflation 5-year Avg. 10-year Avg.
1915 3.28 - -
1916 14.29 - -
1917 15.28 - -
1918 13.25 - -
1919 8.51 - -
1920 9.80 13.12 -
1921 -16.07 8.36 -
1922 -2.13 3.14 -
1923 0.00 0.63 -
1924 -1.09 -1.57 -
1925 2.20 -4.27 4.06
1926 -1.08 -1.62 3.25
1927 -1.09 -0.29 1.41
1928 1.10 -0.15 0.24
1929 2.17 0.44 -0.57
1930 -6.38 0.00 -2.16
1931 -10.23 -2.20 -1.91
1932 -7.59 -3.83 -2.08
1933 -2.74 -4.82 -2.51
1934 1.41 -4.79 -2.21
1935 2.78 -4.51 -2.28
1936 1.35 -2.11 -2.15
1937 4.00 0.55 -1.66
1938 -2.56 1.56 -1.68
1939 2.63 1.17 -1.85
1940 5.13 1.92 -1.35
1941 6.10 2.69 0.26
1942 3.45 2.89 1.72
1943 2.22 3.22 2.39
1944 -2.17 3.51 2.34
1945 2.22 2.79 2.35
1946 5.43 2.23 2.46
1947 14.43 3.07 2.98
1948 9.01 5.40 4.31
1949 0.83 5.99 4.74
1950 5.74 6.41 4.58
1951 10.85 7.91 5.03
1952 -1.40 6.60 4.82
1953 0.00 3.59 4.49
1954 0.00 3.02 4.49
1955 0.71 2.51 4.44
1956 2.82 0.75 4.27
1957 2.05 0.89 3.71
1958 2.68 1.57 2.57
1959 1.31 1.68 2.35
1960 1.29 1.92 2.22
1961 0.00 1.85 1.30
1962 1.91 1.40 1.15
1963 1.88 1.26 1.41
1964 1.84 1.40 1.54
1965 3.01 1.59 1.75
1966 3.51 2.15 2.00
1967 3.95 2.65 2.02
1968 4.35 3.14 2.19
1969 4.69 3.67 2.52
1970 1.00 3.87 2.72
1971 4.93 3.65 2.89
1972 5.16 3.93 3.29
1973 9.38 4.60 3.87
1974 12.65 5.86 4.76
1975 9.42 7.32 5.58
1976 5.63 8.31 5.96
1977 9.40 8.92 6.40
1978 8.60 9.22 6.89
1979 9.76 8.86 7.35
1980 11.06 8.75 8.03
1981 12.12 9.73 9.02
1982 9.27 10.29 9.60
1983 4.59 9.65 9.44
1984 3.72 8.66 8.76
1985 4.40 7.42 8.08
1986 4.21 5.79 7.74
1987 4.19 4.53 7.37
1988 3.88 4.17 6.88
1989 5.26 4.30 6.46
1990 4.99 4.47 5.93
1991 3.75 4.75 5.27
1992 2.17 4.17 4.35
1993 1.65 3.73 3.95
1994 0.23 2.76 3.53
1995 1.74 2.24 3.35
1996 2.16 1.45 3.09
1997 0.78 1.47 2.81
1998 1.00 1.30 2.51
1999 2.63 1.61 2.19
2000 3.20 1.73 1.98
2001 0.72 1.92 1.68
2002 3.80 2.04 1.76
2003 2.08 2.40 1.85
2004 2.13 2.42 2.02
2005 2.09 2.32 2.02
2006 1.67 2.22 2.07
2007 2.38 2.19 2.12
2008 1.16 2.12 2.26
2009 1.32 1.80 2.11
2010 2.35 1.71 2.02
2011 2.30 1.90 2.06
2012 0.83 1.77 1.98
2013 1.24 1.48 1.80
2014 1.47 1.81 1.80
2015 1.61 1.68 1.70
2016 1.50 1.38 1.64
2017 1.87 1.40 1.58
2018 1.99 1.66 1.57
2019 2.25 1.67 1.74
2020 0.73 1.59 1.63
2021 4.80 1.98 1.68

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