Current Inflation Rate 2024 Canada Wikipedia. Consumer price index (total cpi) the consumer price index (cpi) is an indicator of changes. The annual rate of inflation cooled to 2.5 per cent in july, statistics canada said tuesday, the slowest pace for price growth since march 2021.

Even at 5.9%, canada’s current inflation rate is the second lowest in the g7. Learn more about inflation in canada by category and by region, and compare cpi statistics for 2024.