Cost Of Living Increase 2024 Ontario Government.  — the cpi measures price change by comparing the cost of a fixed basket of goods and services.  — the government ties the increase to the ontario consumer price index (cpi), which measures inflation.

 — without the cap, the recent rate of inflation would have resulted in an increase of 5.9 per cent in 2024.  — despite ontario’s labour market performing well in 2023, high interest rates are expected to continue impacting ontario’s economy in 2024 with real gross domestic.