Cass Phyllys

Current Inflation Rate 2024 Canada Toronto. This calculator uses monthly consumer price index (cpi) data from 1914 to the present to show changes in the cost of a fixed basket of consumer. It undershot the 2% target after overshooting it for 3.5 years.

Canadian inflation falls further below the boc’s target. 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 in consumer prices since march of 2021.