2024 Inflation Rate Canada Graph. Inflation in the third quarter fell by more than expected primarily. Updated on october 15, 2024:

The annual inflation rate in canada fell to 1.6% in september of 2024 from 2% in the previous month, the lowest since february of 2021, and well below the market consensus of 1.9%. Growth in government spending is assumed to slow in line with the 2024 budgets of federal and provincial governments.