Canada Inflation Rate May 2024. Canada's annual inflation rate cooled a tick more than expected to 2.7% in june, largely due to softer growth in gas prices, while core inflation measures were. August 2, 2024 market participants survey—second quarter of 2024.
Core consumer prices in canada increased by 1.90 percent in june 2024 compared to the same month in the previous year, marking the third consecutive month of acceleration. But prices are up 22.5 per cent since may, 2020, and the may rate of food inflation was a bit higher than in april.
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