Average inflation measured by CPI reached 2.10 % in 2020 in Canada, according to the National Statistical Office. This is 10,653 % more than in the previous year.
Historically, average inflation measured by CPI in Canada reached an all time high of 2.10 % in 2020 and an all time low of 0.002 % in 1994. When compared to Canada's main peers, average inflation measured by CPI in Australia amounted to 2.51 %, 3.01 % in Mexico, 2.00 % in United Kingdom and 2.30 % in USA in 2020.
Canada has been ranked 124th within the group of 173 countries we follow in terms of average inflation measured by CPI, 9 places above the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.