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