Saskatchewan Inflation Rate 2024. Since the purchasing power of money is affected by changes in prices, the cpi is useful to virtually all canadians. The combined effect of the indexation of the tax system from 2007 through the 2024 taxation year is saving saskatchewan taxpayers a total of approximately $355 million in 2024.

In may 2024, saskatchewan’s consumer price index (cpi) increased by 1.5 per cent compared to may 2023. Statistics canada says the decision by the saskatchewan government to remove the carbon tax from home heating helped reduce the province’s inflation rate in january.