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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%.

Answer to the previous trivia question: With an officially recognised top speed of 316 mph, the SSC Tuatara is currently the world's fastest production car.

Today’s trivia question: What is the official national currency of Denmark called?

The inflation rate in Alberta was 3.7% in July

The inflation rate in Alberta was 3.7% in July

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