The national inflation rate is up, but numbers aren’t as colourful for BC.
StatsCan reports that while the National Consumer Prince Index rose in October 2014 to 2.4% from 2.1% as of October last year, BC saw the smallest gain out of the provinces, at 1.1%
Analyst Julie Charest says meat prices rising 10% and electricity growing by 8% were the strongest contributors.
“Overall, the story is pretty similar to that of Canada, in terms of the components contributing the most to the inflation in October,” she says. “But at the same time in BC, we saw that clothing prices declined while they rose at the national level as well as gasoline prices declined on a year-over-year basis while they rose in Canada.”
Alberta saw the biggest increase at 3%, followed 2.8%.
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