June 2024 Inflation Rate Canada

June 2024 Inflation Rate Canada. Monetary policy is working to reduce price pressures in the canadian economy. On tuesday, statistics canada reported that canada’s annual inflation rate fell to 2.7 per cent in april, down from 2.9 per cent a month prior.

Monetary policy is working to reduce price pressures in the canadian economy. Since central banks around the world swiftly increased interest rates, inflation in canada has come down from its june 2022 peak of 8.1 per cent to 2.8 per cent in february 2024.