VernumoEveryday economics from official statistics

Inflation rate in Canada by year since 1960

Inflation rate by country in 2021

In 2021, annual inflation in Canada was 3.4%, ranking 4 of 21 countries. The highest was Poland at 5.1%.

RankCountryAnnual inflation
1Poland5.1%
2U.S.4.7%
3Norway3.5%
4Canada3.4%
5Germany3.1%
6Spain3.1%
7Australia2.9%
8Austria2.8%
9Netherlands2.7%
10UK2.5%
11South Korea2.5%
12Belgium2.4%
13Ireland2.3%
14Sweden2.2%
15Finland2.2%
16Italy1.9%
17Denmark1.9%
18France1.6%
19Portugal1.3%
20Switzerland0.6%
21Japan-0.2%

Other years

Annual inflation = average consumer price index for the year ÷ the previous year’s average − 1. Source: OECD annual consumer price indexes; the most recent years for the U.S. and Japan are extended with national indexes (BLS, Statistics Bureau of Japan). Monthly 12-month rates published by national agencies can differ.

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