Inflation Rate 2024 Canada July. Canada's annual inflation rate dropped to 2.5 per cent in july — down from 2.7 per cent in june, statistics canada said tuesday. Canada’s inflation rate fell to 2.5% in july, paving way for another boc rate cut how economist views and market bets for further boc rate cuts have shifted after.

The data comes ahead of the bank of canada’s interest rate decision on wednesday. Canada’s annual inflation rate dropped to 2.5 per cent in july — down from 2.7 per cent in june, statistics canada said tuesday.