Sask. inflation rate remains steady at 8.1 per cent in July
Saskatchewan’s inflation rate remained steady at 8.1 per cent from June to July, despite a month over month dip at the national level.
Statistics Canada’s Consumer Price Index (CPI) rose 7.6 per cent on a year-over-year basis in July nationally – down slightly from an 8.1 per cent gain in June.
Saskatchewan and British Columbia are the only two provinces in Canada whose CPI increases did not slow down month over month.
Statistics Canada attributed the national deceleration to slower year-over-year growth in gasoline prices.
Gas prices in Saskatchewan were 42.8 per cent higher in July relative to the same period last year. That mark is down from the year-over-year increase of 58.9 per cent the province experienced in June.
Nationally, Statistics Canada said consumers paid 9.2 per cent less for gasoline in July than in June.
The agency said the downward trend in prices at the pump can be attributed to lowered worldwide demand for crude oil due to concerns related to a slowing global economy, increasing COVID-19 health restrictions in China and slowing demand for gasoline in the United States.
Despite a decline in gas prices, Saskatchewan consumers were still spending more on food month-over-month.
Food prices were up 8.4 per cent in July year-over-year. That figure is also up from the 6.7 per cent increase reported in June.
The CPI measures changes in prices for Canadian consumers by comparing the cost of a fixed basket of goods and services.
CTVNews.ca Top Stories
Ottawa public school board, 3 Toronto-area school boards launch lawsuit against social media giants
The Ottawa-Carleton District School Board and three school boards in the Toronto-area have launched legal action against social media giants, accusing them of "disrupting students' fundamental right to education."
Several flight attendants from Pakistan have gone missing after landing in Canada
Multiple flight attendants from Pakistan International Airlines have abandoned their jobs and are believed to have sought asylum in Canada in the past year and a half, a spokesperson for the government-owned airline says.
Statistics Canada reports real GDP up 0.6% in January as Quebec strikes end
Statistics Canada says real gross domestic product grew 0.6 per cent in January, helped by the end of public sector strikes in Quebec in November and December.
Tipping is off the table at this Toronto restaurant
A Toronto restaurant introduced a surprising new rule that reduced the cost of a meal and raised the salaries of staff.
Rainfall warnings of up to 90 mm among weather alerts in effect for 7 provinces
Rainfall warnings of up to 90 millimetres, air quality advisories and other alerts have been issued for seven Canadian provinces, according to the latest forecasts.
King Charles calls for acts of friendship in first public remarks since Kate's cancer diagnosis
King Charles III gave public remarks for Maundy Thursday, addressing the importance of acts of friendship, following his and Catherine, Princess of Wales’ cancer diagnoses.
Ukrainian child asylum seekers in St. John’s get class of their own
Roughly 50 children will gathered in a St. John’s classroom for the first time on Saturday for unique lessons on Ukrainian language, culture and history.
A Nigerian woman reviewed some tomato puree online. Now she faces jail
A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious allegation” that damaged its business.
Donald Trump assails judge and his daughter after gag order in N.Y. hush-money criminal case
Donald Trump lashed out Wednesday at the New York judge who put him under a gag order that bars him from commenting publicly about witnesses, prosecutors, court staff and jurors in his upcoming hush-money criminal trial.