B.C. price hikes behind national average: Stats Can

Price increases in B.C. trailed national price hikes in December, according to Statistics Canada data released this morning.

Price increases in B.C. trailed national price hikes in December, according to Statistics Canada data released this morning.

The national statistics agency found that B.C.’s Consumer Price Index (CPI) rose 0.4% in the 12 months to December 2012, while nationally the index rose 0.8% for the same time period.

According to Statistics Canada, B.C.’s CPI increase in the 12 months to November was 0.1%, whereas nationally it was 0.8%.

StatsCan attributed B.C.’s lower-than-average inflation rates to year-over-year decreases in provincial gasoline prices.

The agency found that, nationally, increases in food prices (1.5%) and fees for financial services (4.2%) contributed the most to December’s CPI increase.

This latest data showing B.C. inflation below national levels continues a trend noted in September 2012.

jwagler@biv.com

@JennyWagler_BIV

comments powered by Disqus

Also Read

More From Economy

Canada’s annual inflation rate hit 1.0% in January, the lowest level in more than a year 

Read Article

He wore the same black dress shoes to deliver this year’s budget speech as he did last year, and Finance Minister Mike de Jong told ...

Read Article

Niles Veldhuis, president of the Fraser Institute, and Irene Lanzinger, president of the B.C. Federation of Labour, go head to head

Read Article

Large Canadian urban centres typically attract the most international immigrants, and a rebound in the past year, perhaps due to the fading impact of the ...

Read Article

Economy

Insider trading, Feb. 24, 2015

By Feb. 24, 2015, midnight

The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed the week ending ...

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×