Inflation Rate 2024 Canada

Inflation Rate 2024 Canada. This is lower than the long term average of 3.15%. Canada's inflation rate dropped lower than expected in january — to 2.9 per cent from 3.4 per cent in december, but many consumers say they're still feeling.

Some of the most notable annual average price increases experienced by canadian consumers were for gasoline (+28.5%), food purchased from stores (+9.8%) and shelter. Inflation in canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply chains.