Canada Inflation Rate 2024. Canada's annual inflation rate slowed to 2.9 per cent in january, mostly due to a deceleration in the price of gas, statistics canada said tuesday. The bank of canada's next interest rate announcement is scheduled for oct.

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. Canada’s annual inflation rate slowed to 2.5 per cent in july — down from 2.7 per cent in june, statistics canada said tuesday.