Mr. Yves Giroux at the Government Operations and Estimates Committee

On March 18th, 2024. See this statement in context.

March 18th, 2024 / noon

Parliamentary Budget Officer, Office of the Parliamentary Budget Officer

We expect inflation in Canada will go down to 2% by the end of the calendar year—by the end of 2024—and that over the entire year, it will average 2.4%. We expect the inflation rate for calendar year 2025 to be 1.9%.

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