News

Deflation seen in B.C. consumer prices

Grocery store prices were up slightly, but B.C. saw overall price deflation in November. - Black Press
Grocery store prices were up slightly, but B.C. saw overall price deflation in November.
— image credit: Black Press

B.C.'s consumer price index slipped into negative territory in November, partly due the repeal of the harmonized sales tax last spring.

The price index in Vancouver was up slightly, but deflation in Victoria and other areas of the province produced a provincial average of -0.2 per cent for the month. Canada-wide, inflation was 0.9 per cent.

The cost of restaurant food fell 4.4 per cent in November compared to the same month in 2012, Statistics Canada reported. The provincial average cost of health and personal care, including services where sales tax was removed, went down 3.1 per cent.

There were average price increases in food purchased from stores, up 1.1 per cent, clothing up 1.3 per cent, transportation up 0.7 per cent and alcohol and tobacco products, up 1.7 per cent.

Average rent costs were up 1.0 per cent, but overall shelter cost was down 0.7 per cent, continuing a decline since mid-2012.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Cirque du Soleil descends on Penticton
 
Dead man at Kamloops jail had violent link to Penticton
 
Dream Café plays on by turning to community
Naramata Centre closure has big impact on community
 
Centre at Naramata to close permanently
 
Appeal dismissed in genital-biting case
Familiar faces appointed to the Northwest Community College board table
 
Annual Wine and Dine Thompson-Okanagan event kicks off
 
After years of rising property tax rates, City of Terrace aims for zero tax hike

Community Events, January 2015

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Jan 23 edition online now. Browse the archives.