Canada Inflation Rate June 2024. The prime rate declined to 6.7% as the bank of canada reduced the policy rate by 25 basis points to 4.5%. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may.
Inflation accelerates to 2.9% from 2.7% in apr; The bank of canada will be closely scrutinizing june inflation figures as the central bank prepares for its next interest rate decision on july 24.
