Rate Of Inflation 2024 Canada. Measures of core inflation were around 2ยพ% in june 2024, down from about 3.5% at the end 2023. 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.
Prices for goods rose 4.7% in 2021 after a 0.2% decline the previous year, with prices increasing for items such as passenger vehicles (+5.1%), furniture (+7.3%) and household equipment. Inflation continued to rise and peaked in.
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