Inflation Rate 2024 Canada 2024. This calculator uses monthly consumer price index. The bank of canada (boc) has loosened the valve on interest rates again, further easing the nation’s cost of borrowing and offering more relief to.
Canada inflation rate for 2021 was 3.40% , a 2.68% increase from 2020. Since the purchasing power of money is affected by changes in prices, the cpi is useful to virtually all canadians.