Canada — Inflation
Inflation, Consumer Prices (Annual %) for Canada, 1960–2025.
Inflation for Canada was 2.07% in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 12.47% in 1981. The lowest was 0.17% in 1994 (about 12.5× the low point). Across that span the compound annual growth rate works out to 0.65% per year.
Canada ranks 128 of 187 economies on this measure (1 = highest), putting it in the top 68%. The median for North America is 2.95%, so Canada sits below it. It peaked in 1981 and has fallen 83% since. Over the last decade (2015–2025) the figure moved up 84%. Its sharpest one-year move was up 1198% in 1995. That is 17% below this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1966. Doubling roughly every 107 years at that pace.
World ranking. Slipped: 40th of 63 in 1960 → 60th of 92 in 1970 → 80th of 106 in 1980 → 89th of 131 in 1990 → 97th of 163 in 2000 → 135th of 186 in 2010 → 122nd of 178 in 2020 → 112th of 169 in 2025.
Key figures
Full history — 1960 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 2.07% | -0.3 pp |
| 2024 | 2.38% | -1.5 pp |
| 2023 | 3.88% | -2.9 pp |
| 2022 | 6.8% | +3.4 pp |
| 2021 | 3.4% | +2.7 pp |
| 2020 | 0.72% | -1.2 pp |
| 2019 | 1.95% | -0.3 pp |
| 2018 | 2.27% | +0.7 pp |
| 2017 | 1.6% | +0.2 pp |
| 2016 | 1.43% | +0.3 pp |
| 2015 | 1.13% | -0.8 pp |
| 2014 | 1.91% | +1.0 pp |
| 2013 | 0.94% | -0.6 pp |
| 2012 | 1.52% | -1.4 pp |
| 2011 | 2.91% | +1.1 pp |
| 2010 | 1.78% | +1.5 pp |
| 2009 | 0.3% | -2.1 pp |
| 2008 | 2.37% | +0.2 pp |
| 2007 | 2.14% | +0.1 pp |
| 2006 | 2% | -0.2 pp |
| 2005 | 2.21% | +0.4 pp |
| 2004 | 1.86% | -0.9 pp |
| 2003 | 2.76% | +0.5 pp |
| 2002 | 2.26% | -0.3 pp |
| 2001 | 2.53% | -0.2 pp |
| 2000 | 2.72% | +1.0 pp |
| 1999 | 1.73% | +0.7 pp |
| 1998 | 1% | -0.6 pp |
| 1997 | 1.62% | +0.1 pp |
| 1996 | 1.57% | -0.6 pp |
| 1995 | 2.15% | +2.0 pp |
| 1994 | 0.17% | -1.7 pp |
| 1993 | 1.87% | +0.4 pp |
| 1992 | 1.49% | -4.1 pp |
| 1991 | 5.63% | +0.8 pp |
| 1990 | 4.78% | -0.2 pp |
| 1989 | 4.98% | +1.0 pp |
| 1988 | 4.03% | -0.3 pp |
| 1987 | 4.36% | +0.2 pp |
| 1986 | 4.19% | +0.2 pp |
| 1985 | 3.96% | -0.3 pp |
| 1984 | 4.3% | -1.6 pp |
| 1983 | 5.86% | -4.9 pp |
| 1982 | 10.77% | -1.7 pp |
| 1981 | 12.47% | +2.3 pp |
| 1980 | 10.13% | +1.0 pp |
| 1979 | 9.14% | +0.2 pp |
| 1978 | 8.97% | +1.0 pp |
| 1977 | 7.98% | +0.4 pp |
| 1976 | 7.54% | -3.1 pp |
| 1975 | 10.67% | -0.3 pp |
| 1974 | 11% | +3.5 pp |
| 1973 | 7.49% | +2.5 pp |
| 1972 | 4.99% | +2.3 pp |
| 1971 | 2.7% | -0.6 pp |
| 1970 | 3.35% | -1.2 pp |
| 1969 | 4.56% | +0.5 pp |
| 1968 | 4.06% | +0.5 pp |
| 1967 | 3.58% | -0.2 pp |
| 1966 | 3.82% | +1.5 pp |
| 1965 | 2.33% | +0.4 pp |
| 1964 | 1.91% | +0.3 pp |
| 1963 | 1.63% | +0.6 pp |
| 1962 | 1.06% | +0.0 pp |
| 1961 | 1.02% | -0.3 pp |
| 1960 | 1.36% | — |
Frequently asked questions
What was Canada’s Inflation in 1961?
1.02% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Canada’s Inflation growing or shrinking?
Between 1960 and 2025 the series was growing overall: +52.5% in total — about 0.7% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 2.07%; 2024: 2.38%; 2023: 3.88%; 2022: 6.8%; 2021: 3.4%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.