Canada - Inflation Rate 2020
0.72%
−1.23pp from 2019
Canada's inflation rate was 0.72% in 2020, decreased +1.23pp from 1.95% in 2019. This was the 64th highest globally.
Global Ranking - 2020▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Fiji | -2.60% | -246.4% |
| 2nd | Qatar | -2.54% | -182.3% |
| 3rd | Bahrain | -2.32% | -330.2% |
| 4th | United Arab Emirates | -2.08% | -7.5% |
| 5th | St. Lucia | -1.76% | -425.8% |
| 6th | Samoa | -1.57% | -171.7% |
| 7th | Panama | -1.55% | -336.7% |
| 8th | Maldives | -1.37% | -203.3% |
| 9th | Aruba | -1.31% | -133.3% |
| 10th | Greece | -1.25% | -341.4% |
| 11th | St. Kitts and Nevis | -1.17% | -252.6% |
| 12th | Malaysia | -1.14% | -271.7% |
| 13th | Bosnia and Herzegovina | -1.05% | -288.1% |
| 14th | Thailand | -0.85% | -219.8% |
| 15th | Grenada | -0.74% | -223.9% |
| 16th | West Bank and Gaza | -0.74% | -147.2% |
| 17th | Switzerland | -0.73% | -300.0% |
| 18th | Liechtenstein | -0.72% | -299.4% |
| 19th | Marshall Islands | -0.66% | -498.2% |
| 20th | Cyprus | -0.64% | -216.7% |
| 21st | St. Vincent and the Grenadines | -0.63% | -169.3% |
| 22nd | Israel | -0.58% | -168.3% |
| 23rd | Puerto Rico (US) | -0.50% | -691.7% |
| 24th | Estonia | -0.44% | -119.6% |
| 25th | Oman | -0.41% | -186.1% |
| 26th | El Salvador | -0.37% | -602.1% |
| 27th | Tonga | -0.35% | -108.4% |
| 28th | Ecuador | -0.34% | -227.4% |
| 29th | Ireland | -0.33% | -136.9% |
| 30th | Spain | -0.32% | -141.4% |
| 31st | Montenegro | -0.26% | -170.4% |
| 32nd | Singapore | -0.17% | -130.3% |
| 33rd | Italy | -0.14% | -121.7% |
| 34th | San Marino | -0.13% | -128.2% |
| 35th | Slovenia | -0.05% | -103.4% |
| 36th | Japan | -0.02% | -105.3% |
| 37th | Portugal | -0.01% | -104.1% |
| 38th | Bahamas, The | 0.04% | -98.5% |
| 39th | Andorra | 0.09% | -82.6% |
| 40th | Belize | 0.12% | -34.7% |
| 41st | Germany | 0.14% | -89.3% |
| 42nd | Croatia | 0.15% | -80.4% |
| 43rd | Kosovo | 0.20% | -92.6% |
| 44th | Palau | 0.22% | -50.2% |
| 45th | Latvia | 0.22% | -92.0% |
| 46th | Hong Kong SAR, China | 0.25% | -91.3% |
| 47th | Finland | 0.29% | -74.4% |
| 48th | Jordan | 0.33% | -56.0% |
| 49th | Denmark | 0.42% | -42.3% |
| 50th | Mali | 0.44% | 114.5% |
| 51st | France | 0.48% | -63.3% |
| 52nd | European Union | 0.48% | -70.8% |
| 53rd | Timor-Leste | 0.50% | -44.5% |
| 54th | Sweden | 0.50% | -71.1% |
| 55th | Korea | 0.54% | 40.3% |
| 56th | Micronesia, Federated States of | 0.55% | -74.9% |
| 57th | Iraq | 0.57% | 388.5% |
| 58th | Trinidad and Tobago | 0.60% | -40.2% |
| 59th | Cabo Verde | 0.61% | -45.2% |
| 60th | Antigua and Barbuda | 0.63% | -56.3% |
| 61st | Malta | 0.64% | -58.1% |
| 62nd | Barbados | 0.65% | -62.4% |
| 63rd | Morocco | 0.71% | 258.4% |
| 64th | Canada | 0.72% | -63.2% |
| 65th | Costa Rica | 0.72% | -65.4% |
| 66th | Belgium | 0.74% | -40.7% |
| 67th | Comoros | 0.79% | -78.7% |
| 68th | Macao SAR, China | 0.81% | -70.5% |
| 69th | Luxembourg | 0.82% | -50.3% |
| 70th | Australia | 0.85% | -45.9% |
| 71st | Nauru | 0.93% | -77.3% |
| 72nd | Bolivia, Plurinational State of | 0.94% | -48.8% |
| 73rd | United Kingdom | 0.99% | -44.8% |
| 74th | Guyana | 0.99% | -52.5% |
| 75th | Guinea-Bissau | 1.14% | 298.6% |
| 76th | Lithuania | 1.20% | -46.5% |
| 77th | North Macedonia | 1.20% | 56.7% |
| 78th | Seychelles | 1.20% | -33.8% |
| 79th | Armenia | 1.21% | -16.8% |
| 80th | Dominica | 1.22% | -18.9% |
| 81st | United States | 1.23% | -32.0% |
| 82nd | Netherlands | 1.27% | -52.4% |
| 83rd | Norway | 1.29% | -40.7% |
| 84th | Gabon | 1.35% | -33.1% |
| 85th | Austria | 1.38% | -7.4% |
| 86th | Libya | 1.45% | 166.9% |
| 87th | Tuvalu | 1.57% | -55.0% |
| 88th | Serbia | 1.58% | -14.8% |
| 89th | Albania | 1.62% | 14.9% |
| 90th | Bulgaria | 1.67% | -31.9% |
| 91st | Togo | 1.70% | 147.3% |
| 92nd | Central African Republic | 1.71% | -37.9% |
| 93rd | New Zealand | 1.71% | 5.8% |
| 94th | Paraguay | 1.77% | -35.9% |
| 95th | Djibouti | 1.78% | -46.4% |
| 96th | Congo, Republic of | 1.80% | 348.8% |
| 97th | Burkina Faso | 1.88% | 158.3% |
| 98th | Botswana | 1.89% | -31.1% |
| 99th | Indonesia | 1.92% | -32.0% |
| 100th | Slovak Republic | 1.94% | -30.1% |
| 101st | Brunei Darussalam | 1.94% | 596.2% |
| 102nd | Peru | 2.00% | -6.3% |
| 103rd | Kuwait | 2.10% | 92.5% |
| 104th | Namibia | 2.21% | -40.6% |
| 105th | Myanmar | 2.25% | -75.2% |
| 106th | Mauritania | 2.39% | 3.5% |
| 107th | Philippines | 2.39% | 0.0% |
| 108th | Côte d'Ivoire | 2.41% | 213.3% |
| 109th | Algeria | 2.42% | 23.7% |
| 110th | China | 2.42% | -16.3% |
| 111th | Cameroon | 2.44% | -0.7% |
| 112th | Colombia | 2.53% | -28.2% |
| 113th | Senegal | 2.54% | 149.3% |
| 114th | Kiribati | 2.55% | 240.8% |
| 115th | Mauritius | 2.58% | 468.5% |
| 116th | Romania | 2.63% | -31.2% |
| 117th | Ukraine | 2.73% | -65.4% |
| 118th | Azerbaijan | 2.76% | 6.4% |
| 119th | Iceland | 2.85% | -5.3% |
| 120th | Niger | 2.90% | 214.9% |
| 121st | Cambodia | 2.94% | 50.2% |
| 122nd | Solomon Islands | 2.96% | 33.5% |
| 123rd | Benin | 3.02% | 430.0% |
| 124th | Chile | 3.05% | 35.1% |
| 125th | Czechia | 3.16% | 11.0% |
| 126th | Brazil | 3.21% | -14.0% |
| 127th | Guatemala | 3.21% | -13.1% |
| 128th | Viet Nam | 3.22% | 15.2% |
| 129th | South Africa | 3.23% | -21.4% |
| 130th | Tanzania | 3.29% | -4.6% |
| 131st | Uganda | 3.31% | 55.0% |
| 132nd | Hungary | 3.33% | -1.4% |
| 133rd | Saudi Arabia | 3.37% | 261.1% |
| 134th | Poland | 3.37% | 48.9% |
| 135th | Russian Federation | 3.38% | -24.3% |
| 136th | Mexico | 3.40% | -6.6% |
| 137th | Honduras | 3.47% | -20.6% |
| 138th | Mozambique | 3.48% | -38.7% |
| 139th | Nicaragua | 3.68% | -31.5% |
| 140th | Mongolia | 3.72% | -49.2% |
| 141st | Moldova | 3.77% | -22.3% |
| 142nd | Dominican Republic | 3.78% | 108.8% |
| 143rd | Eswatini | 3.87% | 49.0% |
| 144th | Somalia, Fed. Rep. | 4.11% | -12.7% |
| 145th | Madagascar | 4.20% | -25.3% |
| 146th | Chad | 4.46% | 559.7% |
| 147th | Equatorial Guinea | 4.77% | 283.2% |
| 148th | Papua New Guinea | 4.87% | 25.2% |
| 149th | Lesotho | 4.98% | 1.0% |
| 150th | Egypt, Arab Republic of | 5.04% | -63.6% |
| 151st | Nepal | 5.06% | 9.4% |
| 152nd | Lao PDR | 5.10% | 53.6% |
| 153rd | Georgia | 5.20% | 7.2% |
| 154th | Jamaica | 5.23% | 33.7% |
| 155th | Vanuatu | 5.33% | 96.4% |
| 156th | Kenya | 5.41% | 3.2% |
| 157th | Belarus | 5.55% | -0.9% |
| 158th | Afghanistan | 5.60% | 143.3% |
| 159th | Bhutan | 5.63% | 100.0% |
| 160th | Tunisia | 5.63% | -16.2% |
| 161st | Bangladesh | 5.69% | 3.9% |
| 162nd | Gambia, The | 5.93% | -16.6% |
| 163rd | Turkmenistan | 6.10% | 19.8% |
| 164th | Sri Lanka | 6.15% | 43.0% |
| 165th | Kyrgyz Republic | 6.33% | 456.8% |
| 166th | India | 6.62% | 38.9% |
| 167th | Kazakhstan | 6.72% | 27.2% |
| 168th | Burundi | 7.32% | 995.0% |
| 169th | Tajikistan | 8.58% | 10.1% |
| 170th | Malawi | 8.63% | -8.0% |
| 171st | Pakistan | 9.74% | 43.2% |
| 172nd | Uruguay | 9.76% | 23.8% |
| 173rd | São Tomé and Principe | 9.82% | 27.3% |
| 174th | Rwanda | 9.85% | 307.5% |
| 175th | Ghana | 9.89% | 37.2% |
| 176th | Guinea | 10.60% | 11.9% |
| 177th | Congo, Democratic Republic of | 11.36% | 141.4% |
| 178th | Türkiye | 12.28% | -19.1% |
| 179th | Uzbekistan | 12.87% | -11.4% |
| 180th | Nigeria | 13.25% | 16.2% |
| 181st | Sierra Leone | 13.45% | -9.2% |
| 182nd | Zambia | 15.73% | 71.9% |
| 183rd | Liberia | 16.96% | -37.1% |
| 184th | Yemen, Republic of | 21.67% | 38.1% |
| 185th | Angola | 22.27% | 30.4% |
| 186th | Haiti | 22.80% | 31.7% |
| 187th | South Sudan | 29.68% | -39.8% |
| 188th | Iran, Islamic Republic of | 30.59% | -12.1% |
| 189th | Suriname | 34.89% | 694.4% |
| 190th | Argentina | 42.02% | -21.5% |
| 191st | Lebanon | 84.86% | 2,835.5% |
| 192nd | Sudan | 163.26% | 220.2% |
| 193rd | Zimbabwe | 557.20% | 118.3% |
FAQ
What was Canada's inflation rate in 2020?▾
Canada's inflation rate in 2020 was 0.72%. This ranked 64th globally.
How did Canada's inflation rate change in 2020?▾
Canada's inflation rate decreased by 63.2% in 2020 compared to 2019.
Which country had the highest inflation rate in 2020?▾
Zimbabwe had the highest inflation rate in 2020 at 557.20%.
What is the inflation rate of Canada in 2020?▾
The inflation rate of Canada in 2020 was 0.72%. This ranked 64th globally.
How does 2020 compare to 2019 for Canada's inflation rate?▾
Canada's inflation rate went from 1.95% in 2019 to 0.72% in 2020, a 63.2% decrease.
Related
2019
2021
All years
Full ranking 2020
Consumer Price Index
PPP Conversion Factor
Peak: 1981
Lowest: 1994
Inflation Rate 1990s
Inflation Rate 2000s
Inflation Rate 2010s
Inflation Rate 2020s
Highest ever
Lowest ever
Average
vs Finland
vs United Kingdom
vs Hong Kong SAR, China
vs Greenland
G20 Inflation Rate
G7 Inflation Rate
NATO Inflation Rate
OECD Inflation Rate
Global Ranking