Cost Of Living Increase 2024 Canada Per Year. Canadian consumers were confronted with higher prices in 2021, including for everyday necessities, such as food (+2.5%), transportation (+7.2%) and shelter (+3.9%). This calculator uses monthly consumer price index (cpi) data from 1914 to the present to show changes in the cost of a fixed basket of consumer purchases.
The consumer price index (cpi) is an indicator of changes in consumer prices experienced by canadians. Inflation rate in canada increased to 2 percent in october from 1.60 percent in september of 2024.
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