2024 Inflation Rate In Canada

2024 Inflation Rate In Canada. In the face of higher interest rates, canada has avoided the recession that some had predicted. Core inflation rate in canada averaged 2.25 percent from 1984 until 2024, reaching an all time high of 6.20 percent in june of 2022 and a record low of 0.00 percent in june of.

Monetary policy is working to reduce price pressures in the canadian economy. 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.