June 2024 Inflation Rate Canada. Inflation is now around 2% and is expected to remain near the middle of the bank of canada’s control range of 1% to 3% over the projection. Core inflation rate in canada averaged 2.25 percent from 1984 until 2024, reaching an all time high of 6.20 percent in june of 2022 and a record low of 0.00 percent in june of 1984.

301 rows monetary policy has worked to reduce price pressures in the canadian economy. Today’s inflation data shows that canada’s path to 2 per cent will be a bumpy road, but doesn’t rule out multiple rate cuts in the rest of 2024.