Canada Inflation Rate February 2024. The annual inflation rate in canada slowed further to 2.8% in february 2024 from 2.9% in january 2024 and marking the lowest reading since june 2023. Canada's annual inflation rate cooled to 2.8 per cent in february, with the cost of cellular services, groceries and internet access services contributing to slower.
Higher interest rates are working to ease price pressures in canada and inflation is coming down, though progress to the. Each month, statistics canada releases.