2024 Inflation Rate Canada July. August inflation reached the 2% target after overshooting this target for 3.5 years. The annual inflation rate cooled a tick more than expected to 2.7% in june and the boc's closely tracked core inflation measures were also marginally down, data.

The annual inflation rate cooled a tick more than expected to 2.7% in june and the boc’s closely tracked core inflation measures were also marginally down, data. 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.