Canada Inflation Rate May 2024
Canada Inflation Rate May 2024. Canada's annual inflation rate unexpectedly accelerated to 2.9% in may, largely on higher prices for services, while key measures of core inflation edged up for the first time in five months,. Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020.
300 rows monetary policy is working to reduce price pressures in the canadian. Tuesday’s release of may inflation figures will have impacts on the bank of canada’s next interest rate decision.