Inflation 2024 Canada. Canadian consumers were confronted with higher prices in 2021, including for everyday necessities, such as food (+2.5%), transportation (+7.2%) and shelter (+3.9%). 36 rows historical inflation rates from 1990 to 2024 for canada.
Core inflation is expected to ease gradually, while the path of cpi inflation will be bumpy. Since central banks around the world swiftly increased interest rates, inflation in canada has come down from its june 2022 peak of 8.1 per cent to 2.8 per cent in february 2024.