What Is The Current Inflation Rate 2024 Canada

What Is The Current Inflation Rate 2024 Canada. 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. The current inflation rate in canada is 1.64%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in september 2024.

The central bank’s interest rate announcement on wednesday comes after statistics canada reported the annual inflation rate in september tumbled to 1.6 per cent — below the. 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.