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

Economy

Insider trading: May 3, 2016

By May 3, 2016, 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 in the week ...

Read Article

A look back at Vancouver’s Expo 86, which opened 30 years ago today, and some of the lesser-known aspects of the 165-day fair and its ...

Read Article

Businesses in British Columbia pay some of the highest taxes among Canadian provinces, but individuals in B.C. pay relatively low taxes, according to a Conference ...

Read Article

Inventory of companies with negative working capital listed on the Toronto stock exchange growing, analysis finds 

Read Article

The economy contracted 0.1% in February, according to data released Friday (April 29) from Statistics Canada. 

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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