Average inflation measured by CPI fell 68.4% to 0.616% in Canada in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Canada reached an all time high of 12.5% in 1981 and an all time low of 0.166% in 1994. When compared to Canada's main peers, average inflation measured by CPI in Australia amounted to 0.745%, 3.40% in Mexico, 0.772% in United Kingdom and 1.52% in USA in 2020.
Canada has been ranked 135th within the group of 172 countries we follow in terms of average inflation measured by CPI, 4 places below the position seen 10 years ago.
| Inflation, CPI (Average) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Australia | % | 2.82% | 6.50% | 4.80% | 2.91% | 2.82% | ||||||||||||||||
| Belgium | % | 3.22% | 9.47% | 4.91% | 1.81% | 1.69% | ||||||||||||||||
| Belize | % | 3.24% | 6.60% | 4.70% | 2.23% | 2.00% | ||||||||||||||||
| Canada | % | 3.40% | 6.90% | 4.20% | 2.41% | 1.90% | ||||||||||||||||
| China | % | 0.853% | 2.17% | 2.24% | 1.86% | 2.00% | ||||||||||||||||
| France | % | 2.06% | 5.81% | 4.60% | 2.44% | 1.76% | ||||||||||||||||
| Germany | % | 3.21% | 8.46% | 7.19% | 3.53% | 2.56% | ||||||||||||||||
| Guatemala | % | 4.26% | 6.37% | 5.62% | 4.30% | 4.02% | ||||||||||||||||
| Honduras | % | 4.48% | 8.62% | 8.48% | 5.07% | 4.00% | ||||||||||||||||
| Indonesia | % | 1.56% | 4.63% | 5.50% | 3.17% | 3.04% | ||||||||||||||||
| Ireland | % | 2.41% | 8.40% | 6.50% | 3.00% | 2.00% | ||||||||||||||||
| Japan | % | -0.235% | 1.99% | 1.39% | 1.04% | 0.996% | ||||||||||||||||
| Malaysia | % | 2.48% | 3.23% | 2.81% | 2.37% | 2.40% | ||||||||||||||||
| Mexico | % | 5.69% | 8.03% | 6.30% | 3.89% | 3.28% | ||||||||||||||||
| New Zealand | % | 3.94% | 6.28% | 3.89% | 2.62% | 2.52% | ||||||||||||||||
| Papua New Guinea | % | 4.49% | 6.60% | 5.40% | 4.90% | 4.60% | ||||||||||||||||
| USA | % | 4.69% | 8.05% | 3.51% | 2.23% | 2.04% | ||||||||||||||||
| United Kingdom | % | 2.59% | 9.12% | 8.99% | 3.74% | 1.83% |
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