2024 Inflation Rate Canada Vlag. As a result, the bank of canada cut its policy rate for the fifth consecutive time in 2024,. Since central banks around the world swiftly increased interest rates, inflation in canada has come down from its june 2022 peak of 8.1 per cent to 2.8 per cent in february 2024.
302 rows the cpi is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Canada’s annual inflation rate rose more than expected to 2.0% in october as gas prices fell less than the previous month, data showed on tuesday, causing markets to scale.
