What Is The Cost Of Living Increase For 2024 In Canada. The average cost of living in canada is $2,611 per month. Canada inflation rate for 2021 was 3.40% , a 2.68% increase from 2020.
These consumer price indexes were released by statistics canada on september 17, 2024 for the month of august 2024. The last 18 months have been defined by a cost of living crisis and a slowing economy.