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Average consumer prices inflation rate


In 2018, inflation rate in Canada was 2.2 %. In the ranking by inflation rate including 189 countries, Canada has the 112th rank that is close to the positions of such countries as Bahamas and the Czech Republic. Compared to Venezuela (Bolivarian Republic of) which at the top of the ranking with inflation rate of 929,789.5 % in 2018, Canada has 100.00 % percent lower inflation rate.

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What is inflation rate?

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.

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