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Between 2% and 3%
- We expect inflation to keep getting lower, staying between 2% and 3%. We do not believe stable 2% inflation will be achieved until the end of 2024. While we expect inflation to be lower than we've experienced over the past two years, price increases for certain items, such as food and housing, will remain high for Canadians.
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This table shows the monthly All-Items Consumer Price Index (CPI-U) and annual inflation rates for Canada in 2024. You can find upcoming CPI release dates for 2024 and 2025 on our schedule page. These Canadian inflation rate numbers are released by Statistics Canada.
These Consumer Price Indexes were released by Statistics Canada on October 15, 2024 for the month of September 2024. View the CPI release schedule for more details on future release dates.
Jan 1, 2024 · The Bank of Canada has been trying to get inflation back to that one- to three-per-cent window since price growth kicked off in 2021. Forecasts show CPI should be firmly within that band in the...
Feb 20, 2024 · The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in January, down from a 3.4% gain in December. On a seasonally adjusted monthly basis, the CPI fell 0.1% in January.
Key statistics for 2024. Canada’s forecasted GDP growth. 0.9% Inflation rate. 2% to 3% Expected interest rate decrease. Summer 2024. Canadian economic growth will be slightly lower in 2024. Canada's economy should avoid recession in 2024, but growth will remain elusive.
Jan 1, 2024 · Forecasts show CPI should be firmly within that band in the first three months of the year. Canada's inflation rate cools to 3.1% but the cost of living keeps going up.
Feb 7, 2024 · J.P. Morgan Research forecasts global core inflation will remain sticky at around 3% in 2024. In the U.S., inflation has cooled significantly but still remains above target. Against a challenging growth backdrop, the road to lower inflation also looks bumpy in the U.K. and the Euro zone.
