2024 Inflation Rate By Month Canada. The bank of canada projects that inflation will stay around 3% until the second half of 2024, and return to the 2% target in 2025. Canada at a glance, 2023 prices and inflation.
The bank also monitors a set of “core” inflation measures that allow the bank to “look through” temporary changes in total cpi and focus on the underlying trend of inflation. Canada’s inflation rate decreased to two per cent in august, statistics canada reported on tuesday, finally hitting the bank of canada’s target in its long.