BC and Canada saw some subtle differences in November’s Consumer Price Index (CPI) survey from Stats Canada.
The CPI in the province rose almost 3%, a full point higher than the national rate at 2%.
One of the major differences came in the food index according to Analyst, Brian Harrison.
“The national level accelerated 1.6% on the year up from 1.3% last month this is driven by meats and fresh vegetables increase one of the differences was BC is that there were declines in the fresh vegetable index.”
Gasoline was also a contentious issue.
“Gas prices at the national level went almost 20% and that is mainly due to high crude oil prices. The purchase of passenger vehicles also accelerated on a year-over-year basis following a two percent rise in October.”
Our provincial counterparts in Alberta also saw a 2.5% spike in the CPI, after a 1.3% gain in October.