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Average inflation rate Canada
What is Canada's average inflation rate? As of 2031, it's 1.9%, down from 10.2% in 1980.
| Label | Average inflation rate |
|---|---|
| 1980 | 10.18% |
| 1981 | 12.46% |
| 1982 | 10.8% |
| 1983 | 5.82% |
| 1984 | 4.34% |
| 1985 | 3.95% |
| 1986 | 4.17% |
| 1987 | 4.36% |
| 1988 | 4.03% |
| 1989 | 4.98% |
| 1990 | 4.78% |
| 1991 | 5.63% |
| 1992 | 1.49% |
| 1993 | 1.87% |
| 1994 | 0.17% |
| 1995 | 2.15% |
| 1996 | 1.57% |
| 1997 | 1.62% |
| 1998 | 1% |
| 1999 | 1.73% |
| 2000 | 2.72% |
| 2001 | 2.53% |
| 2002 | 2.26% |
| 2003 | 2.76% |
| 2004 | 1.86% |
| 2005 | 2.21% |
| 2006 | 2% |
| 2007 | 2.14% |
| 2008 | 2.37% |
| 2009 | 0.3% |
| 2010 | 1.78% |
| 2011 | 2.91% |
| 2012 | 1.52% |
| 2013 | 0.94% |
| 2014 | 1.91% |
| 2015 | 1.13% |
| 2016 | 1.43% |
| 2017 | 1.6% |
| 2018 | 2.27% |
| 2019 | 1.95% |
| 2020 | 0.72% |
| 2021 | 3.4% |
| 2022 | 6.78% |
| 2023 | 3.9% |
| 2024 | 2.38% |
| 2025 | 2.08% |
| 2026 | 2.54% |
| 2027 | 2.09% |
| 2028 | 1.99% |
| 2029 | 2.03% |
| 2030 | 2.01% |
| 2031 | 1.95% |
Data Source: Wantstats Repository
Average inflation rate Canada: Key Points
- Take Canada's average inflation rate Canada at face value first: 1.95 Average inflation rate as of 2031, versus 10.18 Average inflation rate when the series starts in 1980, a 81% fall.
- 1995: spikes to 2.15 Average inflation rate (+1165%).
- 2010: surges to 1.78 Average inflation rate (+493%).
- 2014: leaps to 1.91 Average inflation rate (+103%).
- 2021: surges to 3.40 Average inflation rate (+372%).
- 2031: The finish line reads 1.95 Average inflation rate, 80.8% behind 1980.
What The Volatility Really Means
The absence of a clean trend is itself informative — it suggests Canada's underlying conditions here are unsettled or the measurement is noisy, not that nothing is happening.
The 2020 dip lands in the one year that disrupted almost every kind of economic activity worldwide — 2020. That doesn't prove COVID-19 caused this specific move, but it's a reasonable first place to look before assuming something else did.
Use the direction of this line more than any single year's value — average inflation rate Canada figures like this one are most reliable as a trend indicator, less reliable as a precise year-by-year scorecard.
Worth remembering this isn't a live feed — it's Canada's periodically-updated official statistics, with the usual lag and modeling that comes with any indicator series like this.
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