Since July 2020, the inflation rate in Canada has been increasing at a steady pace. It amounted to 0.1 percent at that time, but had reached 6.9 percent by October 2022, a rise that was mainly driven by rising gas prices.
By the end of April 2023, the Consumer Price Index (CPI) of Canada, which is the official measure of inflation, had increased by 0.7 percent from the previous month.
Monthly inflation rate in Canada from January 2019 to April 2024
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Various sources. (May 21, 2024). Monthly inflation rate in Canada from January 2019 to April 2024 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1319023/monthly-inflation-rate-canada/
Various sources. "Monthly inflation rate in Canada from January 2019 to April 2024." Chart. May 21, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1319023/monthly-inflation-rate-canada/
Various sources. (2024). Monthly inflation rate in Canada from January 2019 to April 2024. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1319023/monthly-inflation-rate-canada/
Various sources. "Monthly Inflation Rate in Canada from January 2019 to April 2024." Statista, Statista Inc., 21 May 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1319023/monthly-inflation-rate-canada/
Various sources, Monthly inflation rate in Canada from January 2019 to April 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1319023/monthly-inflation-rate-canada/ (last visited November 10, 2024)
Monthly inflation rate in Canada from January 2019 to April 2024 [Graph], Various sources, May 21, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1319023/monthly-inflation-rate-canada/