Current Inflation Rate 2024 Canada 2024. Canada's inflation rate holds steady at 3.1% companies are a lot more willing to raise prices now — and it's making inflation worse. Canada’s inflation rate dropped below 2 per cent for the first time in more than three years, the latest sign of fading price pressures after the worst spell of inflation in four decades.

Canada’s inflation rate holds steady at 3.1% companies are a lot more willing to raise prices now — and it’s making inflation worse. Learn more about inflation in canada by category and by region, and compare cpi statistics for 2024.