B.C. Inflation rate fourth highest in Canada

By The Canadian Press
December 21, 2017 - 6:54am Updated: December 21, 2017 - 8:40am

VICTORIA — Canada's inflation rate recorded a big jump last month, leaping to 2.1 per cent in November from its 1.4 per cent setting one month earlier.

Statistics Canada says gasoline prices and the cost of air travel fuelled the increase, which has pushed the national cost of living to its highest mark since last January.

BC's rate jumped to 2.6 per cent from an even two per cent in October -- giving the province the fourth-highest inflation rate in the country, behind Saskatchewan, Manitoba and New Brunswick.

StatsCan data shows Vancouver and Victoria followed suit -- with Vancouver's rate climbing six-tenths of a point in November to an even three per cent, while inflation in Victoria reached 2.1 per cent last month, up from October's 1.6 per cent setting. 

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