Current Inflation Rate 2024 Canada. In response to rising inflation, the bank of canada rapidly raised its benchmark interest rate by 4.75 percentage points to 5 per cent, as of july 2023—where. Each month, statistics canada releases cpi data for the previous month.
The figure was milder than economists had expected. Canada inflation rate for 2020 was 0.72%, a 1.23% decline from 2019.