Current Inflation Rate 2024 Canada. Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.
The consumer price index (cpi) represents changes in prices as experienced by canadian consumers. On a monthly basis, inflation was 0.6% compared to 0.5% in april, 0.6% in march and 0.3% in february.
The Conference Board’s Quarterly Business Confidence Index Asks Respondents Whether They Expect Prices To Increase Within The Next Six Months.
The fed has left interest rates unchanged since july 2023.
The Inflation Rate Is Based Upon The Consumer Price Index (Cpi).
The consumer price index for canada is 161.5 for the month of may 2024.
Current Inflation Rate 2024 Canada Images References :
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You can find upcoming cpi release dates for 2024 and 2025 on our schedule page.
The Acceleration Was Led By Services, Which Were Up 4.6% Y/Y, As Canadians Were Paying Up For Travel Tours (+6.9% Y/Y) And Flights (+4.5% Y/Y).
