Inflation Rate For 2024-25 202425 Canada. After a period of high inflation, we expect headline and core consumer price inflation to stabilize around the 2% target over the medium term. Canada's inflation rate decreased to two per cent in august, statistics canada reported on tuesday, finally hitting the bank of canada's target in its long campaign to cool.
Monetary policy has worked to reduce price pressures in the canadian economy. Inflation is now around 2% and is expected to remain near the middle of the bank of canada’s control range.