Canada Inflation Rate May 2024. With the bank of canada putting more emphasis on the downside risks to the economy, we expect the bank to cut interest rates further, with the policy rate ending the year at 3.75% and settling. Canada inflation surprisingly rises in may, markets trim july rate cut bets.

Canada inflation rate for 2021 was 3.40%, a 2.68% increase from 2020. With the bank of canada putting more emphasis on the downside risks to the economy, we expect the bank to cut interest rates further, with the policy rate ending the year at 3.75% and settling.