2024 Inflation Rate Canada

2024 Inflation Rate Canada.  — but monthly cost hikes should remain more “reasonable” going forward, he says, and the path for the bank of canada’s benchmark interest rate is clearly lower. Since the purchasing power of money is affected by changes in prices, the cpi is useful to virtually all canadians.

The consumer price index (cpi) represents changes in prices as experienced by canadian consumers. Canada inflation rate for 2020 was 0.72%, a 1.23% decline from 2019.