January 2024 Canada Inflation Rate. You can find upcoming cpi release dates on our schedule. Canada inflation rate was at level of 2.8 % in january 2024, down from 3.4 % previous month.
Higher interest rates are working to ease price pressures in canada and inflation is coming down, though progress to the. The annual inflation rate in canada slowed further to 2.8% in february 2024 from 2.9% in january 2024 and marking the lowest reading since june 2023.
While Inflation Has Stayed Below 3 Percent For Four Months In A Row, It Is Still Higher.
The consumer price index rose 2.9 per cent in january on an annual basis, down from 3.4 per cent in december, statistics canada said tuesday in a report.
Statistics Canada Is Set To Release Its January Consumer Price Index Report On Tuesday And Forecasters Expect Canada’s Inflation Rate Fell.
Historical inflation rates for canada.
The Bank Of Canada Today Reduced Its Target For The Overnight Rate To 4¾%, With The Bank Rate At 5% And The Deposit Rate At 4¾%.
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The Bank Projects That Inflation Will Stay Around 3% Into The Second Quarter Of 2024, Ease.
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You Can Find Upcoming Cpi Release Dates For 2024 And 2025.