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

Analysts say this may presage growth in the Canadian economy in Q3

Read Article

Canada’s economy shrank at an annualized rate of 0.5% in the second quarter, pushing the economy into a recession, StatisticsCanada data confirms.  

Read Article

But B.C. will be the province hardest hit by weakening Chinese demand for resources

Read Article

Despite resource, stock market pain, opportunities abound in Asian economic overhaul 

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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