Yellowknifers can look back at 2018 knowing the cost of living continued to get more expensive compared to a year ago.
The NWT Bureau of Statistics released its latest figures which showed a 2.5 per cent jump in the cost of all consumer goods in the city since November 2017 – among the highest increases of all Canadian cities.
The NWT capital had the greatest annual increase among northern cities, including Iqaluit (2.4 per cent) and Whitehorse (1.5 per cent). Yellowknife’s result was also higher than the national increase of 1.7 per cent. In Edmonton, the price increase was 1.6 per cent.
The NWT monitors various sectors in the economy in its calculation including food, shelter, household operations and furnishings, clothing and footwear, transportation, health and personal care, recreation, education and reading, and alcohol and tobacco.
“Compared to November 2017, prices rose in Yellowknife for all major components with shelter experiencing the largest increase, rising by 3.9% over the last 12 months, reads November’s report. Consumer Price Index report. “The increase in shelter prices can be attributed in part to the 4.6% rise in the water, fuel and electricity subcomponents.”