Cost Of Living 2024 Forecast Canada. 301 rows consumer price index (total cpi) the consumer price index (cpi) is an indicator of. The annual inflation rate in canada fell to 1.6% in september of 2024 from 2% in the previous month, the lowest since february of 2021, and well below the market consensus of 1.9%.
While we expect a soft landing for the canadian economy in 2024, the outlook depends heavily on interest rates and inflation. Fewer mortgage holdersโ23% in the first quarter of 2024 compared with 31% in the fourth quarter of 2023โexpect a major increase in their payments at renewal.
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