Inflation Rate (CPI): Canada
Canada's inflation rate (cpi) is currently 2.0% as of 2026. # Canada Inflation Rate (CPI) Canada's inflation rate stands at 2% in 2026, well below the all-time peak of 12.
Current (2026)
2.0%
+0.0% y/y
Peak (1981)
12.5%
Low (1994)
0.2%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Canada
1980 — 2026
Inflation Rate (CPI) — Canada
Analysis# Canada Inflation Rate (CPI)
Canada's inflation rate stands at 2% in 2026, well below the all-time peak of 12.5% recorded in 1981 and above the historic low of 0.2% in 1994. Since 1980, inflation has declined 80.4% overall, reflecting decades of price stability achieved through monetary policy discipline. The current rate aligns with the Bank of Canada's target range and signals a controlled economic environment after recent volatility.
The 2021–2022 period marked a dramatic spike, with inflation surging from 3.4% to 6.8% during global supply chain disruptions and pandemic-era stimulus. Swift policy tightening reversed this trend, cooling inflation to 2.4% by 2024. Projections through 2026 suggest inflation will stabilize near 2%, indicating the central bank's success in restoring price stability without triggering sustained deflation.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 1.9% | +0.00% |
| 2029 | 1.9% | -5.00% |
| 2028 | 2.0% | -4.76% |
| 2027 | 2.1% | +5.00% |
| 2026 | 2.0% | +0.00% |
| 2025 | 2.0% | -16.67% |
| 2024 | 2.4% | -38.46% |
| 2023 | 3.9% | -42.65% |
| 2022 | 6.8% | +100.00% |
| 2021 | 3.4% | +385.71% |
| 2020 | 0.7% | -63.16% |
| 2019 | 1.9% | -17.39% |
| 2018 | 2.3% | +43.75% |
| 2017 | 1.6% | +14.29% |
| 2016 | 1.4% | +27.27% |
| 2015 | 1.1% | -42.11% |
| 2014 | 1.9% | +111.11% |
| 2013 | 0.9% | -40.00% |
| 2012 | 1.5% | -48.28% |
| 2011 | 2.9% | +61.11% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 1.8% | +500.00% |
| 2009 | 0.3% | -87.50% |
| 2008 | 2.4% | +14.29% |
| 2007 | 2.1% | +5.00% |
| 2006 | 2.0% | -9.09% |
| 2005 | 2.2% | +15.79% |
| 2004 | 1.9% | -32.14% |
| 2003 | 2.8% | +21.74% |
| 2002 | 2.3% | -8.00% |
| 2001 | 2.5% | -7.41% |
| 2000 | 2.7% | +58.82% |
| 1999 | 1.7% | +70.00% |
| 1998 | 1.0% | -37.50% |
| 1997 | 1.6% | +0.00% |
| 1996 | 1.6% | -23.81% |
| 1995 | 2.1% | +950.00% |
| 1994 | 0.2% | -89.47% |
| 1993 | 1.9% | +26.67% |
| 1992 | 1.5% | -73.21% |
| 1991 | 5.6% | +16.67% |
| 1990 | 4.8% | -4.00% |
| 1989 | 5.0% | +25.00% |
| 1988 | 4.0% | -9.09% |
| 1987 | 4.4% | +4.76% |
| 1986 | 4.2% | +5.00% |
| 1985 | 4.0% | -6.98% |
| 1984 | 4.3% | -25.86% |
| 1983 | 5.8% | -46.30% |
| 1982 | 10.8% | -13.60% |
| 1981 | 12.5% | +22.55% |
| 1980 | 10.2% | — |
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