Inflation 2024 Canada Flag. Monetary policy is working to reduce price pressures in the canadian economy. 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.

Monetary policy is working to reduce price pressures in the canadian economy. 2024) with the economy now in a position of excess supply, we expect core inflation to continue to fall back to 2% by the middle of next year.