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Canada Inflation Rate May 2024

Canada Inflation Rate May 2024. Higher interest rates are working to ease price pressures in canada and inflation is coming down, though progress to the 2% target is slow. The laspeyres formula is generally used.


Canada Inflation Rate May 2024

Canada inflation rate for 2022 was 6.80%, a 3.41% increase from 2021. Bank of canada governor tiff macklem said tuesday that he is pleased that inflation has fallen to two per cent, but the central bank now has to stick the landing.

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