Consumer prices in Alberta rise higher than Canada


mentalfloss
#1
Consumer prices in Alberta rise higher than Canada

Consumer prices in Alberta showed the highest annual increase in October than any other province, says Statistics Canada.

The federal agency reported Friday that the Consumer Price Index in Alberta rose by three per cent, after a 2.6 per cent annual hike in September. Prices in the Calgary census metropolitan area were up by 3.3 per cent following a 3.2 per cent annual increase in September.

Todd Hirsch, chief economist with ATB Financial, said the year-over-year increase of consumer prices in Alberta hit one of its highest rates in more than four years.

“But the increase in prices was driven notably higher by one particular item in the basket of goods and services that can’t be purchased in the mall or grocery store. Household natural gas prices — which are notoriously volatile — shot up 30.7 per cent,” he said.

“Overall inflation was also lifted higher by prices for fresh fruits and vegetables, up 7.4 and six per cent respectively. These prices are victims of the much lower Canadian dollar, since almost all of our fresh produce is imported from the U.S. or priced in U.S. dollars.

“Helping to keep overall price increases manageable were lower prices for women’s clothing (2.5 per cent), footwear (1.6 per cent), and personal care items (1.1 per cent).”

Across Canada, prices rose by 2.4 per cent in October following a two per cent year-over-year hike in September. The federal agency said prices were up in all major components.

“Higher prices for shelter and food led the rise in CPI,” it said. “At the same time, larger year-over-year increases for transportation and for clothing and footwear contributed the most to the acceleration.”

Annual price increases were 2.8 per cent for shelter and for food, 1.1 per cent for transportation and 3.1 per cent for clothing and footwear.

The Bank of Canada’s core index rose by 2.3 per cent in October following a 2.1 per cent year-over-year increase in September.

Leslie Preston, economist with TD Economics, said both core and headline inflation have heated up dramatically over the course of 2014, calming the Bank of Canada’s fears about the very low inflation environment that persisted a year ago.

“The question for the Bank is will it last? In October, energy prices were up 4.2 per cent, mostly driven by last winter’s weather-related natural gas price spike. That will fall out of the year-on-year calculus in the months ahead, while at the same time gasoline prices, which remain up slightly on a year-on-year basis, are about to head lower. Energy inflation is set to ebb in the months ahead.”

Robert Kavcic, senior economist with BMO Capital Markets, said Canadian inflation crept higher again in October, and is now tracking ahead of the Bank of Canada’s forecast for all of the fourth quarter.

“While this probably won’t change their overall view that underlying price pressures are still muted, they might be watching a bit closer now,” he said.

Consumer prices in Alberta rise higher than Canada
 
petros
+1
#2
Lower the dollar to stimulate ON is pricy for everyone else eh?
 
mentalfloss
#3
Makes you wonder why Alberta continues to vote for Harper if any gains in employment are offset with a higher cost of living.

They actually believe Harper is good for their economy.

Must be the curmudgeon cough drops.
 
petros
+2
#4  Top Rated Post
Quote: Originally Posted by mentalflosx019630

Makes you wonder why Alberta continues to vote for Harper if any gains in employment are offset with a higher cost of living.

Must be the curmudgeon cough drops.

A far better quality of life does cost a little more.
 
mentalfloss
#5
Except a better quality of steak is the only thing they will be remembered for.
 
petros
#6
Quote: Originally Posted by mentalfloss View Post

Except a better quality of steak is the only thing they will be remembered for.

You need to travel.
 
mentalfloss
#7
I've been there, don't worry.

Other than the mountains, it's nothing special.
 
petros
+1
#8
Quote: Originally Posted by mentalfloss View Post

I've been there, don't worry.

Other than the mountains, it's nothing special.

Mom and dad didn't stop anywhere else?
 
mentalfloss
#9
Sorry, but I'm not into watching horses get abused.
 
petros
+2
#10
Quote: Originally Posted by mentalfloss View Post

Sorry, but I'm not into watching horses get abused.

What did your dad do to a horse that disturbed you?
 
mentalfloss
#11
*yawn*
 
Goober
Free Thinker
#12
Quote: Originally Posted by mentalfloss View Post

Makes you wonder why Alberta continues to vote for Harper if any gains in employment are offset with a higher cost of living.

They actually believe Harper is good for their economy.

Must be the curmudgeon cough drops.

Housing costs - rental or buy - are extreme here.
 
petros
#13
Cheap compared to urban ON.
 
captain morgan
Bloc Québécois
+2
#14
Quote: Originally Posted by mentalfloss View Post

Makes you wonder why Alberta continues to vote for Harper if any gains in employment are offset with a higher cost of living.

They actually believe Harper is good for their economy.

Must be the curmudgeon cough drops.

Harper didn't create or promote Alberta's (or Sask's) economy... It has been accomplished by smart provincial policies and entrepreneurial mindsets.

No doubt that concept is entirely foreign to someone like you that yearns to have Big Brother dictate your every move.

Quote: Originally Posted by mentalfloss View Post

Except a better quality of steak is the only thing they will be remembered for.

A better quality steak, wages that are significantly higher, no PST, flat income tax rate, a better quality of lifestyle, a far better economy, far better opportunities to build a career & life and the best skiing in North America.

... Just to mention a few.

Why do you think that approximately 50,000 graduates, skilled laborers and career-aged people are leaving Que and Ont as fast as possible to head to AB and Sask?
 
mentalfloss
#15
All that and yet they still produce less jobs than Ontario once the loonie drops in value.

Not a sustainable economy by any measure tsk tsk tsk.


Oh well.

At least Prentice recognises that reality while Harper continues to operate on rhetoric.
 
taxslave
Free Thinker
#16
SO how much do these jobs in Ontario pay? Will the get close to the 100G a year most everyone in Alberta makes?
 
mentalfloss
#17
Define 'most'
 
taxslave
Free Thinker
#18
Most would be everyone except a few of the part timers at rotten ronnies.
 
petros
+1
#19
Quote: Originally Posted by mental poss View Post

All that and yet they still produce less jobs than Ontario once the loonie drops in value.

Not a sustainable economy by any measure tsk tsk tsk.


Oh well.

At least Prentice recognises that reality while Harper continues to operate on rhetoric.

You need to work harder. Per capita GDP has you $20K behind a SK resident and $30K behind an AB resident.
 
captain morgan
Bloc Québécois
+1
#20
Quote: Originally Posted by mentalfloss View Post

All that and yet they still produce less jobs than Ontario once the loonie drops in value.

Funny analysis... Ont and Que have 2/3 of Canada's population.

I should hope that they can produce more jobs

Quote: Originally Posted by mentalfloss View Post

Not a sustainable economy by any measure tsk tsk tsk.


Oh well.

I have been hearing that since I was a kid.

Time has proven your comment to be simply rhetoric

Quote: Originally Posted by mentalfloss View Post

At least Prentice recognises that reality while Harper continues to operate on rhetoric.

make no mistake. Prentice and every politician in AB knows that instituting a PST or raising income taxes will result in that gvt getting booted.

They live in abject fear of even thinking those thoughts
 
taxslave
Free Thinker
+1
#21
Quote: Originally Posted by petros View Post

You need to work harder. Per capita GDP has you $20K behind a SK resident and $30K behind an AB resident.

Why bother when the feds just redistribute our income to the slackers.
 
mentalfloss
#22
Prentice actually accepts that climate change exists.

You know, that wacky theory about the human kind.

And he's a Conservative.


Whoops.
 
captain morgan
Bloc Québécois
+2
#23
Quote: Originally Posted by petros View Post

You need to work harder. Per capita GDP has you $20K behind a SK resident and $30K behind an AB resident.

Saskatchewan is by far and away the biggest success story in NorAm and Europe.

You guys had the balls, wherewithall and commitment to develop your economy (not even to potential yet) and in record time.

If more Provinces took a page out the Sask playbook, Canada would be a juggernaut on the world stage.
 
petros
+1
#24
Quote: Originally Posted by captain morgan View Post

Saskatchewan is by far and away the biggest success story in NorAm and Europe.

You guys had the balls, wherewithall and commitment to develop your economy (not even to potential yet) and in record time.

If more Provinces took a page out the Sask playbook, Canada would be a juggernaut on the world stage.

Bipartisan effort to boot.
 
captain morgan
Bloc Québécois
#25
Quote: Originally Posted by mentalfloss View Post

Prentice actually accepts that climate change exists.

You know, that wacky theory about the human kind.

And he's a Conservative.


Whoops.

AB already has carbon sequestration plan/project and was the first to implement a form of carbon tax... You greentards just don't like to admit it.

Talk about whoops
 
taxslave
Free Thinker
+1
#26
Quote: Originally Posted by captain morgan View Post

Saskatchewan is by far and away the biggest success story in NorAm and Europe.

You guys had the balls, wherewithall and commitment to develop your economy (not even to potential yet) and in record time.

If more Provinces took a page out the Sask playbook, Canada would be a juggernaut on the world stage.

They had two advantages, all their NIMBYs and NOPEs came to BC when the socialist government got the boot.
 
mentalfloss
#27
That's funny.

You guys seem to have a problem accepting the Alberta premier as an ecoterrorist.

It's okay.

So does Harper.

Quote: Originally Posted by captain morgan View Post

AB already has carbon sequestration plan/project and was the first to implement a form of carbon tax... You greentards just don't like to admit it.

Talk about whoops

So Prentice is a greentard too then.

Good to know.
 
captain morgan
Bloc Québécois
+1
#28
Quote: Originally Posted by taxslave View Post

They had two advantages, all their NIMBYs and NOPEs came to BC when the socialist government got the boot.

I tell ya taxslave.. If and when BC gets their collective butts into gear, your province has the real potential to dominate on any scale.

Multiple, protected deep water ports. Massive forestry opportunity, liquids rich nat gas, fisheries and mining.

At some point, the public will holler 'Uncle' in response to never ending tax grabs and maybe then a political movement that allows for responsible development can occur.

BC is a great province, I really love it a ton, but I have no idea how you put up with the shenanigans that goes on in gvt

Quote: Originally Posted by mentalfloss View Post

So Prentice is a greentard too then.

Good to know.

Sheesh... Look into the timing on those projects and events... You might want to cross reference that against the Premier that initiate the actions.
 
petros
#29
Quote: Originally Posted by captain morgan View Post

AB already has carbon sequestration plan/project and was the first to implement a form of carbon tax... You greentards just don't like to admit it.

Talk about whoops

It's okay. I'll sequester 100% of mentalflaws CO2 for him if he pays me directly. What should I charge? 1.05 tonnes per acre per year. How many tonnes does he produce per year?

And he has the audacity to say I don't do anything worthwhile.
 
mentalfloss
#30
Seems Prentice wants Alberta to be known as an environmental leader.

This must have some of the usual suspects quaking in their booots.


Jim Prentice’s green ideas for the oil sands - The Globe and Mail