Inflation Rate 2024 Forecast Canada. In 2025, inflation is forecast to be 0.2 percentage points lower, reflecting a lower assumed path for energy prices. Drummond said canada’s inflation rate—when averaged out—was right on the bank of canada’s 2% inflation rate target.
The deceleration was led by gasoline, which was down 10.7%. 2% to 3% expected interest rate decrease.
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