Economy and Finance

B.C. has the lowest consumer price growth in the country


Fri Nov 23, 2012 10:15am PST

British Columbia experienced the country's lowest year-over-year consumer price increases in October, according to Statistics Canada data released this morning.

The Consumer Price Index data showed an overall increase of 0.5% for the province in the 12 months leading to October, after an increase of 0.7% in September.

Consumer prices rose 1.2% country-wide, the same rate as recorded for the previous month.

The greatest increases were found in Newfoundland and Labrador (2.2%), Prince Edward Island (2.1%) and Quebec (1.9%).

B.C. also had the slowest growth in gasoline prices in the country year-over-year to October, recording an increase of 0.3%, compared with the decrease of 0.8% recorded in September. The national growth rate was 4.0%, with Prince Edward Island experiencing the greatest increase in gasoline prices at 9.0%.

ecrawford@biv.com

@EmmaCrawfordBIV

Tags: British Columbia, consumers, prices, Statistics Canada, consumer goods



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