Current Inflation Rate 2024 Canada Today. Inflation rate in canada is expected to be 3.00 percent by the end of this quarter, according to. The inflation rate year over year is 2.7% (compared to 2.9% for the previous month).

Higher interest rates are working to ease price pressures in canada and inflation is coming down, though progress to the 2% target is slow. Monetary policy is working to reduce price pressures in the canadian economy.