Current Inflation Rate 2024 Canada Forecast. As the effects of higher interest rates continue to spread through the economy, and with declines in energy prices and improved supply chains, inflation is projected to fall to. Trading economics provides data for 20 million economic indicators from 196.

The current inflation rate in canada is 1.95%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in august 2024. The canadian consumer price index reference paper.