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
'They needed people inside Air Canada:' Police announce arrests in Pearson gold heist
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
House admonishes ArriveCan contractor in rare parliamentary show of power
MPs enacted an extraordinary, rarely used parliamentary power on Wednesday, summonsing an ArriveCan contractor to appear before the House of Commons where he was admonished publicly and forced to provide answers to the questions MPs said he'd previously evaded.
Leafs star Auston Matthews finishes season with 69 goals
Auston Matthews won't be joining the NHL's 70-goal club this season.
Trump lawyers say Stormy Daniels refused subpoena outside a Brooklyn bar, papers left 'at her feet'
Donald Trump's legal team says it tried serving Stormy Daniels a subpoena as she arrived for an event at a bar in Brooklyn last month, but the porn actor, who is expected to be a witness at the former president's criminal trial, refused to take it and walked away.
Why drivers in Eastern Canada could see big gas price spikes, and other Canadians won't
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
Doug Ford calls on Ontario Speaker to reverse Queen's Park keffiyeh ban
Ontario Premier Doug Ford is calling on Speaker Ted Arnott to reverse a ban on keffiyehs at Queen's Park, describing the move as “needlessly” divisive.
'A living nightmare': Winnipeg woman sentenced following campaign of harassment against man after online date
A Winnipeg woman was sentenced to house arrest after a single date with a man she met online culminated in her harassing him for years, and spurred false allegations which resulted in the innocent man being arrested three times.
Woman who pressured boyfriend to kill his ex in 2000s granted absences from prison
A woman who pressured her boyfriend into killing his teenage ex more than a decade ago will be allowed to leave prison for weeks at a time.
Customers disappointed after email listing $60K Tim Hortons prize sent in error
Several Tim Horton’s customers are feeling great disappointment after being told by the company that an email stating they won a boat worth nearly $60,000 was sent in error.