Current Cost Of Living Increase 2024 Canada. Canadians are feeling the sting of rising prices, especially lower income canadians. An increase in this cost is called inflation.
The annual inflation rate in canada fell to 2.5% in july of 2024 from 2.7% in the previous month, matching market expectations, to mark the softest increase in consumer prices since march of 2021. A new report highlights how inflation is affecting the canadian economy and families.
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