What factors have contributed to the annual inflation rate in Canada?

They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2021, the average inflation rate in Canada was approximately 3.4 percent compared to the previous year.

What is the current Canada annual inflation rate?

The current inflation rate in Canada is 6.86%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2022. The table below contains annual inflation rates in Canada from 1915.

How much did Canada's annual inflation rate slow to in September of 2022?

Canada’s annual inflation rate slowed to 6.9% in September of 2022 much below the 39-year peak of 8.1% hit in June but slightly above market estimates of 6.8%.

What was the average Canada inflation rate in 2021?

In 2021, the average inflation rate in Canada was approximately 3.4 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year.