June 2024 Inflation Rate Canada. Most economists now predict a 50 basis points interest rate cut at the bank of canada's next meeting on oct. In response to rising inflation, the bank of.
Core inflation rate in canada averaged 2.25 percent from 1984 until 2024, reaching an all time high of 6.20 percent in june of 2022 and a record low of 0.00 percent in june of 1984. 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.