Canadian Cost Of Living Up 3.2 Percent
October 21, 2011 by UPI - United Press International, Inc.
OTTAWA, Oct. 21 (UPI) — The cost of living in Canada rose 3.2 percent on an annual basis in September, fueled by higher prices for gasoline and food, Statistics Canada said Friday.
The inflation news comes on the heels of a 3.1 percent annual gain in the Consumer Price Index reported in August and showed price increases in all eight major sectors.
Overall energy prices were up 12.5 percent on an annual basis. Within that sector, gasoline cost 22.7 percent more in September than a year earlier. The only price decline in the sector was for natural gas, which was down 4.7 percent, the agency said.
“Prices for food rose 4.3 percent in the 12 months to September after increasing 4.4 percent in August,” StatsCan said. “Larger year-over-year price increases in September were observed for the purchase of passenger vehicles, clothing and passenger vehicle insurance premiums.”
Regionally, prices rose in all 10 provinces and three territories.
Nova Scotia and New Brunswick posted the highest inflation rate of 4.2 percent, followed by Ontario and Quebec, each seeing 3.4 percent higher prices on an annual basis, the report said.