Victoria inflation climbs to 2.1 per cent, Statistics Canada

Victoria inflation climbs to 2.1 per cent, Statistics Canada
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Higher costs for gas and air transportation driving inflation increase in November. Stats Canada reports Victoria is at 2.1 per cent, which is even with the national inflation rate. File photo.

Higher costs for gas and air transportation driving inflation increase in November. Stats Canada reports Victoria is at 2.1 per cent, which is even with the national inflation rate. File photo.

The consumer price index in Victoria, like the rest of the country, went up in November compared to the previous month.

Statistics Canada reports Victoria’s inflation rate stands at 2.1 per cent, up from 1.6 per cent in October.

The agency attributes the rise, which went up to 2.1 per cent in Canada in November compared to last year, because of higher prices for gasoline and air transportation.

According to gasbuddy.com, the price at the pump is as high as 138.9 in Port Hardy.

Courtenay is among the lowest prices at 116.9 a litre for gas.

That is the highest rate of inflation nationally since last January.

Canada’s consumer price index went up from 1.4 per cent in October.

The inflation rate has surpassed the Bank of Canada’s target of two per cent, as it examines inflation data before making interest-rate decisions.

An announcement from the central bank is scheduled next month.

With files from the Canadian Press.

Andy NealAndy Neal

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