Current Inflation Rate 2024 Canada

Current Inflation Rate 2024 Canada. The current inflation rate in canada is 2.02%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in october 2024. Canada inflation rate for 2023 was 3.88%, a 2.92% decline from 2022.

Canada’s inflation rate dropped lower than expected in january — to 2.9 per cent from 3.4 per cent in december, but many consumers say they’re still feeling financial pain. Canada’s headline inflation rate slowed to 1.6 % below the boc’s 2% target in september 2024 and was the smallest since february 2021.