2024 Inflation Rate Canada

2024 Inflation Rate Canada. The bank of canada is gearing up for its final interest rate decision of 2024. By february 2022 inflation in canada was 5.7 per cent and the boc decided to act, increasing the overnight interest rate to 0.5 per cent.

Based upon the consumer price index and canadian dollar official data publications. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021.