2024 Inflation Rate Canada Today. Historical inflation rates from 1990 to 2024 for canada. What does this mean for inflation and the economic forecast in canada?

Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020. The bank of canada today reduced its target for the overnight rate to 4¼%, with the bank rate at 4½% and the deposit rate at 4¼%.