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Canada Inflation Rate

Consumer price inflation, annual %  FP.CPI.TOTL.ZG

1.96% −0.42pp (-17.6%)
Year 2025 Rank #136 Global Peak 12.47% (1981) Source World Bank

Canada Inflation Rate (1960–2025)

Overview

Canada's inflation rate stood at 1.96% in 2025, a decline of +0.42pp from 2024. The IMF projects 1.96% by 2025. Canada ranked 136th globally.

Data & projection

Year Inflation Rate YoY change Rank
2030* IMF 1.94% - -
2029* IMF 1.95% - -
2028* IMF 1.97% - -
2027* IMF 2.09% - -
2026* IMF 2.03% - -
2025* IMF 1.96% - -
2025 1.96% −0.42pp #136
2024 2.38% −1.50pp #70
2023 3.88% −2.90pp #58
2022 6.80% +3.41pp #79
2021 3.40% +2.68pp #95
2020 0.72% −1.23pp #64
2019 1.95% −0.32pp #92
2018 2.27% +0.67pp #92
2017 1.60% +0.17pp #71
2016 1.43% +0.30pp #99
2015 1.13% −0.78pp #90
2014 1.91% +0.97pp #93
2013 0.94% −0.58pp #38
2012 1.52% −1.40pp #30
2011 2.91% +1.14pp #41
Show all years (1960-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.2% GDP growth 2.0% C/A balance 0.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Canada's inflation rate?

Canada's inflation rate was 1.96% in 2025. Ranked 136th globally. This represents a 17.6% decrease from the previous year.

What was the highest inflation rate in Canada?

Canada's inflation rate peaked at 12.47% in 1981.

What was the lowest inflation rate in Canada?

The lowest inflation rate in Canada was 0.17% in 1994.

How does Canada rank in inflation rate?

Canada ranks 136th globally in inflation rate as of 2025.

What is the World Bank indicator code for inflation rate?

The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.

What is the projected inflation rate of Canada in 2025?

Canada's inflation rate is projected to reach 1.96% by 2025 based on IMF projection.

What is the inflation rate of Canada in 2025?

The inflation rate of Canada in 2025 was 1.96%. This ranks 136th in the world.

Cite this page

APA
Canada Inflation Rate. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/canada/inflation-rate
BibTeX
@misc{historysaid_canada_inflation-rate, title = {Canada Inflation Rate}, url = {https://historysaid.com/canada/inflation-rate}, publisher = {HistorySaid}, year = {2026} }