2024 Inflation Rate Forecast Canada. Read about the path of interest rates over the coming years and use wowa’s mortgage. — 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 monetary policy.
The annual inflation rate in canada decelerated for the third month to hit 2% in august 2024, the softest since february 2021, slightly below forecasts of 2.1% and reaching the central bank’s target for the first time in over. The nominal interest rate posted by the central bank net of inflation expectations.