Canada Inflation Rate May 2024. Inflation in canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply chains. The annual rate of inflation was 2.9 per cent in may, the agency said.

Core consumer prices in canada increased 1.70 percent in july of 2024 over the same month in the previous year. Oas clawbacks are paid off in 12 monthly payments, starting in july of the following tax year (in this case, 2024) and ending the.