Current Inflation Rate 2024 Canada Inflation Rate. The current inflation rate in canada is 1.64%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in september 2024. The inflation target is expressed as the year.

Canada’s inflation rate decreased to two per cent in august, statistics canada reported on tuesday, finally hitting the bank of canada’s target in its long campaign to cool. Inflation rate in canada decreased to 1.60 percent in september from 2 percent in august of 2024.