Current Cost Of Living Increase 2024 Canada. It measures price change by comparing, through time, the cost of a fixed basket of goods and services. Consumer price index cpi in canada averaged 68.10 points from 1950 until 2024, reaching an all time high of 162.10 points in july of 2024 and a record low of 12.10 points in january of 1950.

Inflation rate in canada increased to 2 percent in october from 1.60 percent in september of 2024. Inflation increased to 2.0% in october, up from 1.6% in september, primarily driven by a smaller annual decline in gasoline prices.