Liuka Anneliese

2024 Inflation Rate Canada July. Inflation is forecast to fall below 2.5% in the second half of 2024 and return sustainably to the 2% target in the second half of 2025. Canada’s annual inflation rate fell to 2.5 per cent in july, largely driven by lower prices for travel tours, passenger vehicles and electricity.

Some of the most notable annual average price increases experienced by canadian consumers were for gasoline (+28.5%), food purchased from stores (+9.8%) and shelter (+6.9%). 8 to 11 last year and included more than 1,000 canadian adults.