Inflation Rate 2024 Canada Today. The annual inflation rate in canada eased to 2.7% in june of 2024 from 2.9% in the earlier month, surprising market expectations that it would remain at the 2.9% mark, equaling. The inflation rate year over year is 2.5% (compared to 2.7% for the previous month).
Monetary policy is working to reduce price pressures in the canadian economy. โ the bank of canada today held its target for the overnight rate at 5%, with the bank rate at 5ยผ% and the deposit rate at 5%.