P.E.I.'s inflation highest in country, and accelerating
CBC
P.E.I.'s inflation rate continues to grow.
Year-over-year the inflation rate was 6.6 per cent in October. That grew to 7.0 per cent in November.
It's well above the national average of 4.7 per cent, which held steady from October to November, as well as being much higher than pre-pandemic inflation rates.
From February of 2019 to February 2020 the inflation rate was 2.2 per cent.
Statistics Canada said the increase on P.E.I. was mainly due to heating costs. At the end of November last year heating oil cost a maximum of $0.771. At the end of November this year it was $1.175.
In its own analysis of the figures, the provincial government cited a 50 per cent increase in gasoline costs as well as a 17 per cent increase in homeowners' replacement costs in the 12 months leading up to November.
During the pandemic P.E.I. actually experienced deflation, with the CPI dropping from 139 in November 2019 to 138.3 in November 2020.
The consumer price index was 148.0 for P.E.I. last month.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Residents of Ward 8 in Hamilton are likely to be back at the polls once again after city councillors voted Wednesday to hold a byelection there to replace former councillor John-Paul Danko, who was recently elected as a member of parliament.
Work on Windsor's large Banwell Road interchange and corridor construction projects is currently on hold after Butler's gartersnakes were discovered.
Etched on a poster board the size of her body, Mary McPherson held up a pencil-drawn portrait of Ontario Premier Doug Ford.
One of the largest old elm trees in Toronto — possibly in all of southern Ontario — is on its last legs.
It's graduation week for many University of Guelph students, but it's a particularly special day for one 68-year-old whose walk across the convocation stage was 49 years in the making.
Scientists on Prince Edward Island have created a new warning system to help Maritime farmers avoid a costly disease called fusarium head blight, which can decrease grain yields while contaminating the crop with toxins.
An N.W.T. deputy minister says the territorial government is hoping to use federal housing money to clear derelict homes from communities.
WARNING: This article contains graphic details, references sexual assault and may affect those who have experienced sexual violence or know someone impacted by it.
Monique Gordon's second-floor apartment in Rexdale is sweltering hot all year-round — even in the winter.
As Fanshawe works toward reducing its staff by more than a third, the college announced Thursday that 40 jobs have been eliminated through downsizing, early retirements and unfilled vacant positions.
Newfoundland and Labrador has unveiled a new online crime dashboard allowing users, with a click of a button, to see how their own communities rate against one another when it comes to violence.
Nova Scotia's whirlwind push to establish a uranium sector has yielded zero bids from companies interested in exploring for the critical mineral, a fact that left Premier Tim Houston unfazed Thursday and opponents of the industry relieved.