B.C. inflation even lower than low national average: StatsCan

Price increases in British Columbia were well below average in the 12 months leading up to January, according to Statistics Canada data released this morning.

Price increases in British Columbia were well below average in the 12 months leading up to January, according to Statistics Canada data released this morning.

B.C.’s Consumer Price Index (CPI) increased 0.3% in this period, after an increase of 0.4% in the 12 months to December.

Nationally, prices increases were low at 0.5% year-over-year.

Alberta was the only province that saw a CPI decrease, with a 0.5% drop.

The fastest year-over-year price increases were in Whitehorse (1.7%), Nova Scotia (1.4%) and Prince Edward Island (1.3%).

Nationwide, the fastest price increase over the 12-month period leading to January was in alcoholic beverages and tobacco products (1.9%).

Price decreases were found in clothing and footwear (1.6%) and transportation (0.5%).

Statistics Canada also reported this morning that retail sales across all the provinces were down an average of 2.1% in December, after five consecutive monthly gains.

This combined with the subdued inflation rate helped pull the Canadian dollar to a seven-month low, down 0.54 of a cent to US$0.97.62 at mid-morning trading Friday.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

Also Read

More From Economy

After sifting through 460 nominations from across the province, the Small Business BC awards has culled its list of semi-finalists down to just 10 in ...

Read Article

It’s that time of year again -- Christmas time. You may have noticed.

Read Article

The outlook for commodity prices for British Columbia companies in 2015 is a mixed bag that includes... 

Read Article

Consumer prices were up 1.2% in British Columbia year-over-year to November, which is slightly higher than...

Read Article

Manufacturing sales in British Columbia jumped 7.9% in the 12 months to October...

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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