Consumer prices in B.C. cooled in September, rising 1.8% year-over-year following the 2% gain made in August.
B.C. and Alberta were the only two provinces to experience a lower inflation rate in September compared with August, according to data released Friday (October 21) from Statistics Canada.
Meanwhile, the national inflation rate grew 1.3% compared with a year ago.
“The Canadian economy appears on track to see growth accelerate to an above trend rate in the second half of this year, but following that the going will continue to be slow,” TD senior economist James Marples wrote in a note to investors.
“The recent changes to mortgage regulations only confirm this narrative, moving some of the anticipated slowdown in the housing sector a little closer on the horizon.”
The core rate, which strips away volatile segments such as gasoline and food, held steady at 1.8% — the same as in August.
