Inflation Rate 2024 Canada. Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021. These canadian inflation rate numbers are released by statistics canada.
Inflation in the uk flatlined at the bank of england’s target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the bank rate from 5.25% to 5%. Inflation in canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply chains and restrictive.