Canada Inflation Rate 2024. The annual inflation rate in canada fell to 2.5% in july of 2024 from 2.7% in the previous month, matching market expectations, to mark the softest increase. A measure of price movements, produced by statistics canada and obtained by comparing the retail prices of a representative shopping basket of.

 — economists see the bank of canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady downward. The inflation target is expressed as the.