2024 Cost Of Living Increase Canada 2024. Consumer price inflation, recent trends and analysis. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers.

58% of established canadians expect inflation/cost of living to be the biggest financial challenges of 2024, with 38% of new canadians thinking the same thing. This increase means the average family of four will spend an estimated $16,297.20 on food, up by as much as $701.79 compared to last year.