What Is The Inflation Rate For 2024. You can also read past reports by accessing the archives in the right panel. Currency markets now see a 26% chance of a 50 basis point rate cut next month, down from 37% before the cpi data release.

The consumer price index rose 2% in october on a yearly basis, up from a 1.6% increase a month earlier, statistics canada reported tuesday in ottawa. Canada’s annual inflation rate hit 2 per cent in october, up from 1.6 per cent the month before, statistics canada said tuesday.