Inflation rate in Canada by year since 1960
Inflation rate by country in 2023
In 2023, annual inflation in Canada was 3.9%, ranking 15 of 21 countries. The highest was Poland at 11.5%.
| Rank | Country | Annual inflation |
|---|---|---|
| 1 | Poland | 11.5% |
| 2 | Sweden | 8.6% |
| 3 | Austria | 7.8% |
| 4 | UK | 6.7% |
| 5 | Finland | 6.3% |
| 6 | Ireland | 6.3% |
| 7 | Germany | 5.9% |
| 8 | Australia | 5.6% |
| 9 | Italy | 5.6% |
| 10 | Norway | 5.5% |
| 11 | France | 4.9% |
| 12 | Portugal | 4.3% |
| 13 | U.S. | 4.1% |
| 14 | Belgium | 4.1% |
| 15 | Canada | 3.9% |
| 16 | Netherlands | 3.8% |
| 17 | South Korea | 3.6% |
| 18 | Spain | 3.5% |
| 19 | Denmark | 3.3% |
| 20 | Japan | 3.2% |
| 21 | Switzerland | 2.1% |