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Yellowknife's inflation rate stood at 1.2 per cent in September

National rate registers at 1.6 per cent
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In Yellowknife, September's rate of inflation tracked at 1.2 per cent compared to a year earlier, according to Statistics Canada's latest consumer price index. Black Press file photo

Inflation continues to rise at a lower rate in Yellowknife with September's reading coming in at 1.2 per cent compared to a year earlier, according to the latest data from Statistics Canada. 

Electricity rose the most at 7.6 per cent, followed by shelter costs at three per cent, whereas food jumped by approximately two per cent.

Some items cost less, however. 

"Both gasoline and fuel oil and other fuels declined by 2.5 per cent and 15.2 per cent, respectively, over the last 12 months," reads a summary from the NWT Bureau of Statistics released Tuesday.

Transportation shrunk by close to one per cent year over year and so did clothing and footwear, as well as operations and furnishings. 

Fuel oil and other fuels peaked last November, according to the Consumer Price Index. Since then, they have declined in cost since early last year and remained consistent during the spring and summer, according to Statistics Canada.

Among the Northern capitals, Iqaluit was slightly higher than Yellowknife at 1.5 per cent inflation year over year while Whitehorse was at 1.8 per cent. Edmonton registered at 1.8 per cent and the national rate of inflation stood at 1.6 per cent.

In comparison, inflation in Yellowknife was recorded at one per cent in August.

The next consumer price index is due on Nov. 19.

Correction: A previous version of this story contained some incorrect percentages.

 



About the Author: Devon Tredinnick

Devon Tredinnick is a reporter for NNSL Media. Originally from Ottawa, he's also a recent journalism graduate from Carleton University.
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