2022 canadian inflation rate

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What is Canada's inflation rate in 2022?

For June 2022, the annual inflation rate for goods was 11.2%, while the same 12-month period saw an annual inflation rate for services at just 5.2%. Prices used in Canada’s Consumer Price Index are collected across the country. Regional differences in prices can occur, but in aggregate, they provide a national picture of inflation.

What happened to Canada's inflation rate in June 2023?

Updated on July 18, 2023: Canada's inflation rate was 2.8% in June 2023, a sizable decline from the 3.4% annual inflation rate seen in May 2023. The headline inflation rate is at its lowest level since March 2021. This decline is primarily due to reduced gas prices (gas prices declined by 22% compared with last June).

Does Canada have an inflation rate?

A paid subscription is required for full access. Since July 2020, the inflation rate in Canada has been increasing at a steady pace. It amounted to 0.1 percent at that time, but had reached 6.9 percent by October 2022, a rise that was mainly driven by rising gas prices.

What is the monthly inflation rate for apples in Canada?

The monthly inflation rate for apples in Canada was 1.97% in June 2022. In comparison, the price of a dozen eggs fell from $4.24 in May 2022 to $4.19 in June 2022. Prices don't always go up from month-to-month, which means that negative price changes are more likely to be seen when looking at the monthly inflation rate for certain items.

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