Canada Inflation Rate May 2024. Inflation accelerated in may as the costs of services and groceries ticked up, statistics canada said tuesday. Analysts polled by reuters had forecast the inflation rate would cool to 1.8% from 2.0% in august.
Below are the dates for the monthly consumer price index (cpi) releases. Inflation in the uk flatlined at the bank of england’s target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the bank rate from 5.25% to 5%.