Canada - Inflation, consumer prices (annual %) 1960 - 2022
Canada's inflation, consumer prices (annual %) is currently 6.8%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Canada's inflation, consumer prices (annual %) for 2022 was 6.803%, a 100.37% increase from 2021, with a +3 difference.
- In 2021 it was 3.395%, a 373.53% increase from 2020, with a +2 difference.
- In 2020 it was 0.717%, a -63.22% increase from 2019.
- In 2019 it was 1.949%, a -14.06% increase from 2018.
- In 2018 it was 2.268%, a 42.04% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Canada is currently 3.7412% (average of years with recorded data) with a lowest recorded value of 0.1656% in 1994 and a highest value of 12.4716% in 1981.
Canada's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1960 | 1.359% | |
| 1961 | 1.019% | -25.02% |
| 1962 | 1.062% | 4.20% |
| 1963 | 1.628% | 53.37% |
| 1964 | 1.912% | 17.44% |
| 1965 | 2.333% | 21.99% |
| 1966 | 3.816% | 63.58% |
| 1967 | 3.58% | -6.18% |
| 1968 | 4.055% | 13.28% |
| 1969 | 4.562% | 12.48% |
| 1970 | 3.346% | -26.65% |
| 1971 | 2.705% | -19.16% |
| 1972 | 4.988% | 84.41% |
| 1973 | 7.488% | 50.11% |
| 1974 | 10.997% | 46.87% |
| 1975 | 10.672% | -2.96% |
| 1976 | 7.542% | -29.33% |
| 1977 | 7.976% | 5.76% |
| 1978 | 8.974% | 12.50% |
| 1979 | 9.145% | 1.91% |
| 1980 | 10.129% | 10.77% |
| 1981 | 12.472% | 23.13% |
| 1982 | 10.769% | -13.65% |
| 1983 | 5.864% | -45.55% |
| 1984 | 4.305% | -26.58% |
| 1985 | 3.962% | -7.96% |
| 1986 | 4.195% | 5.87% |
| 1987 | 4.356% | 3.85% |
| 1988 | 4.028% | -7.53% |
| 1989 | 4.984% | 23.72% |
| 1990 | 4.78% | -4.08% |
| 1991 | 5.626% | 17.68% |
| 1992 | 1.49% | -73.51% |
| 1993 | 1.865% | 25.16% |
| 1994 | 0.166% | -91.12% |
| 1995 | 2.149% | 1,197.85% |
| 1996 | 1.571% | -26.91% |
| 1997 | 1.621% | 3.23% |
| 1998 | 0.996% | -38.57% |
| 1999 | 1.735% | 74.19% |
| 2000 | 2.719% | 56.75% |
| 2001 | 2.525% | -7.15% |
| 2002 | 2.258% | -10.56% |
| 2003 | 2.759% | 22.15% |
| 2004 | 1.857% | -32.67% |
| 2005 | 2.214% | 19.18% |
| 2006 | 2.002% | -9.56% |
| 2007 | 2.138% | 6.81% |
| 2008 | 2.37% | 10.84% |
| 2009 | 0.299% | -87.37% |
| 2010 | 1.777% | 493.35% |
| 2011 | 2.912% | 63.89% |
| 2012 | 1.516% | -47.95% |
| 2013 | 0.938% | -38.09% |
| 2014 | 1.907% | 103.20% |
| 2015 | 1.125% | -40.98% |
| 2016 | 1.429% | 26.97% |
| 2017 | 1.597% | 11.77% |
| 2018 | 2.268% | 42.04% |
| 2019 | 1.949% | -14.06% |
| 2020 | 0.717% | -63.22% |
| 2021 | 3.395% | 373.53% |
| 2022 | 6.803% | 100.37% |
Expand
Comparison with Countries in the North America Region.
Among countries in the same World Bank North America (NA) region, Canada comes in 2nd with 6.803% inflation, consumer prices (annual %).
- Within the same region, United States comes in 1st with 8.003%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 2 Countries in the North America Region.
Top 2 Countries in the North America Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | United States | 8.00% | 2022 |
| 2 | Canada | 6.80% | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Canada comes in 32nd with 6.803% inflation, consumer prices (annual %).
- Within the same income group, Italy comes in 22nd with 8.201%, inflation, consumer prices (annual %).
- United States comes in 23rd with 8.003%.
- United Kingdom comes in 24th with 7.922%.
- Portugal comes in 25th with 7.833%.
- Ireland comes in 26th with 7.807%.
- Denmark comes in 27th with 7.697%.
- Antigua and Barbuda comes in 28th with 7.531%.
- New Zealand comes in 29th with 7.172%.
- Finland comes in 30th with 7.124%.
- Germany comes in 31st with 6.873%.
- Australia comes in 33rd with 6.594%.
- Luxembourg comes in 34th with 6.336%.
- Malta comes in 35th with 6.154%.
- Singapore comes in 36th with 6.121%.
- Norway comes in 37th with 5.764%.
- Bahamas, The comes in 38th with 5.605%.
- France comes in 39th with 5.222%.
- Korea, Rep. comes in 40th with 5.088%.
- Guyana comes in 41st with 5.033%.
- And Qatar comes in 42nd with 4.995%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lithuania | 19.705% | 2022 |
| 2 | Estonia | 19.398% | 2022 |
| 3 | Latvia | 17.310% | 2022 |
| 4 | Czechia | 15.100% | 2022 |
| 5 | Hungary | 14.608% | 2022 |
| 6 | Poland | 14.430% | 2022 |
| 7 | Romania | 13.796% | 2022 |
| 8 | Slovak Republic | 12.774% | 2022 |
| 9 | Chile | 11.644% | 2022 |
| 10 | Croatia | 10.781% | 2022 |
| 11 | Netherlands | 10.001% | 2022 |
| 12 | Greece | 9.645% | 2022 |
| 13 | Belgium | 9.598% | 2022 |
| 14 | Uruguay | 9.104% | 2022 |