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Ward 1 News: Inflation Review - January 2017

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Ward 1 official website

January 2017
Inflation Review


• Calgary CMA’s total CPI rose by 1 per cent year over year in January. Prices rose in all categories except for food items (down by 2.8 per cent) and rents (down by 2.5 per cent).
• Inflation in Alberta rose by 2.47 per cent and is higher than the Canadian national rate of 2.13 per cent. The new Carbon levy affected industries outside Calgary to a greater extent.
• In January the new Provincial Carbon Tax started being collected causing a bump in inflation in Alberta. Calgary gasoline pump prices shot up 34 per cent year over year in January and Calgary natural gas prices spiked 42 per cent year over year. These items represent about 5 per cent of the average Calgarian’s monthly budget so the total increase in CPI as a result of the new Carbon Tax is muted.

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This content represents the personal views and opinions of the Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.

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