Canada Inflation Rate May 2024. Canada's annual inflation rate unexpectedly accelerated to 2.9% in may, largely on higher prices for services, while key measures of core inflation edged up for the first time in five. Canada’s inflation rate for september 2024 was 1.6%.
Canada’s annual inflation rate unexpectedly accelerated to 2.9% in may, largely on higher prices for services, while key measures of core inflation edged up for the first time in five. Tuesday’s release of may inflation figures will have impacts on the bank of canada’s next interest rate decision.
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