VernonBlog: CPI Canada and B.C. NOVEMBER 2013

Saturday, December 21, 2013

CPI Canada and B.C. NOVEMBER 2013

Julian Beltrame, The Canadian Press Friday, December 20, 2013 8:46AM EST
OTTAWA -- Canada's inflation rate rose last month for the first time since July, climbing two-tenths of a point to 0.9 per cent as a trend toward lower gasoline and energy prices appeared to hit bottom. Regionally, inflation was strongest at 2.6 per cent in Prince Edward Island and weakest in British Columbia, where prices declined by 0.2 per cent.
------------

The table is a comparison between B.C. CPI and Canada CPI since 2009, updated to last month available in November 2013. The Oct CPI for B.C. on a y/y basis is -.2% (minus) while it is +.9% (plus) in Canada. The point to watch is the November 2013 CPI figures. These are the figures used for remuneration increases for the Council (B.C. CPI) and Exempt Staff. (Canada CPI). (Last year in November 2012 .1% was the B.C. CPI while Canada's was .8%). Note that the August CPI (Canada) is 1.1% which will be the rate used for the Facilities Budget Increase in Jan of 2014.