What Was The Inflation Rate In 2024 In Canada. Some of the most notable annual average price increases experienced by canadian consumers were for gasoline (+28.5%), food purchased from stores (+9.8%) and shelter (+6.9%). Canada's annual inflation rate cooled to 2.8 per cent in february, with the cost of cellular services, groceries and internet access services contributing to slower growth,.

Inflation has continued to fall, supporting real incomes, but. Canada’s inflation rate ticked up to two per cent in october, statistics canada said on tuesday.