Canada Inflation Rate April 2024. Department of labor showed that consumer prices rose just 0.2 per cent from june to july, after dropping slightly the previous month for the first time in four. Since the purchasing power of money is affected by changes in prices, the cpi is useful to virtually all canadians.

Canada’s annual inflation rate cooled a tick more than expected to 2.7% in june, largely due to softer growth in gas prices, while core inflation measures were marginally down, data showed. March inflation reading better than headline metric suggests.