2024 Cpi Increase Canada. The annual inflation rate in canada fell to 2.5% in july of 2024 from 2.7% in the previous month, matching market expectations, to mark the softest increase in consumer prices since march of 2021. The consumer price index (cpi) rose 6.8% on an annual average basis in 2022.
With the release of the may 2024 cpi, expenditure weights for the basket of goods and services used in the calculation of the cpi were updated. Annual indexes for major components and special aggregates of the consumer price index (cpi), for canada, provinces, whitehorse, yellowknife and iqaluit.
