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Inflation climbs by 1.8 per cent in Yellowknife

Annual rise in costs in NWT capital not as steep as national average
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Electricity prices rose by more than 11 per cent between June 2023 and June 2024, according to the NWT Bureau of Statistics. The Canadian Press file photo

Consumer prices in Yellowknife jumped by 1.8 per cent in June compared to one year ago.

The latest data comes from the NWT Bureau of Statistics, which published its latest consumer price index (CPI) on July 16.

The biggest hike in cost came from electricity prices. They rose by more than 11 per cent between June 2023 and June 2024, according to the bureau.

Other prices rose too year-over-year, including food (1.4 per cent), shelter (5.8 per cent) and health and personal care (2.8 per cent).

Items that dropped in price were household operations and furnishings (5.1 per cent) and clothing and footwear (4.2 per cent).

The bureau also reported that the cost of gasoline decreased by 2.4 per cent over the last year, for example. However, fuel oil and other fuels increased slightly by 0.1 per cent.

For comparison, annual prices increased by 2.7 per cent for Canada, as well as for Edmonton. Annual prices rose for Whitehorse at 1.9 per cent and just one per cent in Iqaluit.

"Consumer prices increased for all provinces in June 2024 compared to a year ago," the bureau added. "Nova Scotia had the highest increase (3.5 per cent) while Manitoba and Saskatchewan had the lowest (1.4 per cent)."

The next CPI is due on Aug. 20.



About the Author: Devon Tredinnick

Devon Tredinnick is a reporter for SA国际影视传媒. Originally from Ottawa, he's also a recent journalism graduate from Carleton University.
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