Canada Inflation Rate May 2024. The annual inflation rate in canada fell to 1.6% in september of 2024 from 2% in the previous month, the lowest since february of 2021, and well below the market consensus of 1.9%. Inflation returns sustainably to the 2% target in the second half of 2025.
In depth view into canada inflation rate including historical data from 1915 to 2024, charts and stats. Canada’s annual inflation rate unexpectedly accelerated to 2.9% in may, largely on higher prices for services, while key measures of core inflation edged up for the first time in five.
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