Canada Cola 2024 Increase Announcement. In numeric terms, the average cpi for november 2022 to october 2023 is 156.3. Posted october 12, 2023 12:42 pm.

The board follows specific rules when deciding to provide a cola for the year within three limits: Canada’s annual inflation rate dropped to 2.5 per cent in july — down from 2.7 per cent in june, statistics canada said tuesday.