2024 Cost Of Living Increase Ontario 2024. 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. Despite signs of a possible recession, canadian workers are forecast to receive an average salary increase of 3.6 per cent in 2024, according to a new survey by normandin beaudry.

Oas and cpp payments increased in 2024. But a handful of economic indicators give us some hope for 2024.