2024 Inflation Rate Forecast Canada. Some of the most notable annual average price increases experienced by canadian consumers were for gasoline (+28.5%), food purchased from stores (+9.8%) and shelter (+6.9%). The consumer price index (cpi) is an indicator of changes in consumer prices experienced by canadians.
Canada’s annual inflation rate rose more than expected to 2.0% in october as gas prices fell less than the previous month, data showed on tuesday, causing markets to scale. Economic growth in canada is forecast to improve in the second half of 2024 and strengthen further in 2025 and 2026.
