What Was The Rate Of Inflation In 2024 In Canada

What Was The Rate Of Inflation In 2024 In Canada. Canada's annual inflation rate slowed to 2.9 per cent in january, mostly due to a deceleration in the price of gas, statistics canada said tuesday. Consumer price index inflation came in 0.2 percentage points weaker than expected in the second quarter of 2024.

Monetary policy has worked to reduce price pressures in the canadian economy. The consumer price index had previously hit 1.6 per cent in september, thanks to a steep decline in.