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Canada Inflation Rate 2024 Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020. Core consumer prices in canada increased 1.90 percent in june of 2024 over the same month in the previous year. This calculator uses monthly consumer price index. Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020.

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