Alberta’s inflation rate holds steady

Alberta’s inflation rate held steady at 1.3 per cent in September, compared to 1.9 per cent nationally, a report by ATB Financial’s economics and research team states.

British Columbia posted the highest year-over-year change in prices among the provinces at 2.4 per cent. Newfoundland and Labrador had the lowest rate at 0.5 per cent.

Food prices in Alberta were up 3.9 per cent in September compared to a year earlier, led by rises in the cost of vegetables (11.7 per cent) and meat (6.7 per cent).

The price of food purchased from stores was up by 4.2 per cent compared to 3.3 per cent for eating out.

Shelter costs in the province were up by 1.8 per cent, with rental accommodation rising two per cent, owned accommodation by 1.7 per cent, and water, fuel and electricity by two per cent.

The Consumer Price Index rose by 1.4 per cent in the Edmonton Census Metropolitan Area and by 1.1 per cent in the Calgary Metropolitan Area.

When highly volatile gasoline prices are excluded, Alberta’s inflation rate in September was 2.3 per cent and closer to the national average of 2.4 per cent.

Gasoline prices in Alberta were down 21.1 per cent on a year-over-year basis in September, compared to an average drop of 10 per cent for the country as a whole.

The drop in gas prices pushed down the cost of operating a passenger vehicle in Alberta by 5.5 per cent, while the cost of public transit rose by 1.5 per cent.



Send your news tips

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Updated: Red Deer doctor killed at clinic

The RCMP’s major crimes unit is investigating a fatal attack on a… Continue reading

Vigil scheduled Friday for Red Deer doctor who was killed

A candlelight vigil is scheduled for Friday at Red Deer City Hall… Continue reading

Alberta reports 257 new cases of COVID-19

The Alberta government reported 257 new cases of COVID-19 in its latest… Continue reading

‘Is this a town garden?’ Sylvan Lake resident has been gardening for 7 decades

Most summer days, Sylvan Lake’s Joel McCutcheon is in his garden pulling… Continue reading

QUIZ: Do you know the truth?

In what has been described as a post-truth era, how much do you know about truth and lies?

Cast your votes for Best of Red Deer

The Advocate’s Best of Red Deer Readers’ Choice Awards are back. Community… Continue reading

Raptors beat Bucks 114-106; key players for both teams sit

Raptors beat Bucks 114-106; key players for both teams sit

Safe at home? Blue Jays end nomadic journey in Buffalo

Safe at home? Blue Jays end nomadic journey in Buffalo

Morikawa makes eagle on 16th, wins PGA Championship

Morikawa makes eagle on 16th, wins PGA Championship

Royal Montreal Golf Club to host Presidents Cup in 2024, last hosted in 2007

Royal Montreal Golf Club to host Presidents Cup in 2024, last hosted in 2007

Familiarity breeds respect among NHL East playoff teams

Familiarity breeds respect among NHL East playoff teams

‘Heavy lifting:’ West is big, tough, deep and wide open

‘Heavy lifting:’ West is big, tough, deep and wide open

Dallas Stars keep Calgary Flames guessing ahead of first-round playoff series

Dallas Stars keep Calgary Flames guessing ahead of first-round playoff series

Most Read