Canada Inflation Rate March 2024. The federal agency's consumer price index for march 2024 saw a 2.9 per cent increase compared to the year before. The annual inflation rate in canada fell to 2.5% in july of 2024 from 2.7% in the previous month, matching market expectations, to mark the softest increase in consumer prices.
Between 2019 and 2023, inflation and the rising cost of goods caused canadian food bank visits to increase 79 percent, according to food banks canada. Canada’s gross domestic product grew 2.1 per cent at an annualized rate in the second quarter of 2024, though gdp per capita fell for the fifth consecutive quarter,.
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