Canada Inflation Rate March 2024. 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 most commonly cited measure of consumer inflation in canada is the consumer price index (cpi).

Canada’s annual inflation rate slowed to 2.5 per cent in july — down from 2.7 per cent in june, statistics canada said tuesday. Canada inflation rate for 2021 was 3.40% , a 2.68% increase from 2020.