Inflation in Alberta spiked in July
The cost of goods and services in Alberta was 3.7% higher than 12 months earlier
By Rob Roach, ATB Economics 18 August 2021 less than a minute
After rising by 2.7% on a year-over-year basis in June, the Consumer Price Index (CPI) in Alberta increased by 3.7% in July. Excluding gasoline, the CPI increased by 2.6%.
Gasoline (+38.4%), natural gas (+30.9%) and electricity (+21.1%) prices saw particularly large increases compared to June 2020.
The cost of food purchased from stores was 2.0% higher while food purchased from restaurants increased by 3.2%.
Recreational cannabis prices were 22.7% lower than 12 months earlier. The cost of clothing and footwear decreased by 1.7%.
Nationally, the inflation rate went from 3.1% in June to 3.7% in July with prices higher in every province. Prince Edward Island had the highest rate at 6.1% while Saskatchewan had the lowest at 2.3%.
At 4.0%, the inflation rate was higher in Calgary than in Edmonton where it was 3.2%.
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