Consumer Price Index 2024 Canada Forecast. The consumer price index (cpi) tracks changes in prices as experienced by canadian consumers by comparing, through time, the cost of a fixed basket of goods and services. With the release of the august 2024 cpi, the cellular services price index was updated with new data.
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 since march of. Although canadian consumers are more optimistic about their future job prospects, many are still concerned about their current finances.
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