Residents of British Columbia saw inflation rise 2.2 per cent between October 2018 and October 2019 according to new statistics (Black Media Press File).

British Columbians pay more for goods and services than most other Canadians

Year-to-year inflation rate up 2.2 per cent in October second-highest rate in Canada

Inflation in British Columbia has outpaced inflation in many other parts of Canada during the last year, according to new statistics.

The Consumer Price Index (CPI) rose 2.2 per cent in October 2019 compared to October 2018, according to Statistics Canada. By comparison, the national inflation rose 1.9 per cent during the same period. British Columbia was among three provinces which saw increases of 2.2 per cent. Only Quebec recorded a higher increase with 3.2 per cent.

RELATED: B.C. pushes for greater industry ‘transparency’ in gasoline pricing

Two factors mainly contributed to the increase: the cost of housing and the cost of owning a vehicle. Mortgage interest rates rose seven per cent, while rent rose 3.7 per cent. Passenger vehicle insurance premiums rose nine per cent, while the cost of vehicle purchases rose 1.8 per cent. This said, the cost of gasoline dropped 6.7 per cent.

Internet and telephone services also cost less this October compared to October 2018, dropping 7.9 per cent and 3.8 per cent respectively.


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The Starbucks at 3849 Cadboro Bay Rd. closed permanently on Sunday, Oct. 25. (Google Maps)
Cadboro Bay Starbucks closes despite petition signed by nearly 250 residents

Closure part of transition to more drive-thru locations, Starbucks spokesperson says

The iconic and well-loved live music venue Logan’s is permanently closing its doors due to impacts of the COVID-19 pandemic. (Google Maps)
Fernwood pub Logan’s permanently closing its doors

Live music venue unable to weather COVID-19 storm

Panthers’ Captain Tanner Wort faces Tory McClintick of the Victoria Cougars during Vancouver Island Junior Hockey League action Friday night at Panorama Recreation Centre. The Panthers lost 3-0, then lost 7-2 Sunday. (Gordon Lee/Submitted)
Peninsula Panthers’ losing streak reaches four games as injuries mount

Injuries have especially hurt the team’s backline with only four defenders available

Leila Bui with her parents Tuan Bui (left) and Kairry Nguyen at the end of the trial that found Tanessa Nikirk guilty of dangerous driving causing bodily harm. Nikirk is back in court for her sentencing hearing. (Black Press file photo)
UPDATED: Court hears letter from driver convicted of hitting Saanich girl

Leila Bui has been in a non-responsive state since she was hit in 2017

Theft of $120 in Sharpie is among the files Oak Bay Police Department responded to last week. (Black Press Media file photo)
Man steals $120 worth of Sharpies from Oak Bay Village

Police respond to daytime break-in and theft, among other calls last week

Provincial health officer Dr. Bonnie Henry arrives for briefing on the COVID-19 situation, B.C. legislature, Oct. 26, 2020 (B.C. government)
B.C. records 217 more COVID-19 cases, mask use urged

Infection spike continues, 21 senior facilities affected

A picture of John taken at Children’s Hospital Vancouver last week. Photo courtesy, Alicia Sewid.
RCMP investigating after young boy run over by SUV in Campbell River parking lot

The seven-year-old has multiple injuries including a broken pelvis and was admitted to Children’s Hospital in Vancouver

People march during a climate strike in Montreal, Friday, Sept. 27, 2019. THE CANADIAN PRESS/Graham Hughes
Judge rejects 15 youths’ climate change lawsuit against Canadian government

Justice Michael Manson has granted the government’s motion to strike the plaintiffs’ claim

A video message from Mrime Minister Justin Trudeau was streamed to attendees at the State of the Island Economic Summit on Tuesday morning. (Vancouver Island Economic Alliance image)
Prime minister greets Vancouver Island economic summit attendees

Vancouver Island Economic Alliance conference being held virtually this week

A woman walks through check in at WestJet at Pearson International airport during the COVID-19 pandemic in Toronto on Wednesday, Oct. 14, 2020. THE CANADIAN PRESS/Nathan Denette
Strong support for pre-flight COVID testing ahead of upcoming WestJet trial: YVR

Airport is partnering with UBC, which is helping choose the method of pre-flight testing

Prime Minister Justin Trudeau provides an update on the COVID pandemic during a press conference in Ottawa on Tuesday, Oct. 27, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Trudeau says pandemic ‘really sucks,’ and that Christmas gatherings are up in the air

The prime minister encouraged residents to continue to follow the advice of local health authorities

The Williams Lake Indian Band is stipulating no-go zones for mushroom picking in areas burned by last summer’s wildfires. 100 Mile Free Press photo
Who controls mushroom harvesting on Indigenous lands?

‘We don’t necessarily know where the mushrooms grow, how old the stands need to be, those types of things.’

Canadian and American flags fly near the Ambassador Bridge at the Canada/USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. THE CANADIAN PRESS/Rob Gurdebeke
U.S. election results one factor that could impact immigration to Canada next year

The survey polled 1,523 Canadians between Oct. 23 and Oct. 25

Most Read