Release Date: October 26, 2015
Inflation Review - Inflation in Calgary slowed in September.
In September, Calgary’s inflation rate slowed to 1.1 per cent after rising 1.6 per cent in August. This deceleration was attributed to lower energy prices, which fell 12.8 per cent from last September. Transportation costs shrank 1.8 per cent as gasoline prices tumbled 15.4 per cent compared to a year ago, and 9.9 per cent month-over-month. Shelter cost inflation fell 0.1 per cent, due to the annual decline in the electricity prices of 16.4 per cent and natural gas prices of 0.4 per cent. Meanwhile, food remained the key driver for inflation.
In Alberta, the all-items inflation rate fell to 1.3 per cent in September from 1.7 per cent in August. Like Calgary, gasoline prices for the province of Alberta as a whole shrank 15.2 per cent year-over-year. Canada’s inflation rate decelerated to 1.0 per cent this month after rising 1.3 per cent in August. This was mostly attributable to an annual decline of 18.8 per cent in gasoline prices in September.
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