Saskatchewan’s inflation rate remains above national average
OTTAWA – The inflation rate in Saskatchewan remained higher than the national average in May due in part to higher transportation costs.
Statistics Canada reported Friday the yearly inflation rate in the province was 2.5 per cent. Nationally, the rate was 2.3 per cent.
The cost of transportation in Saskatchewan rose by 3.2 per cent in the last year, lead by a 4.9 per cent increase in the cost of gas.
Food prices were up 3.1 per cent lead by an 11.1 per cent increase in fresh vegetables, a 10.7 per cent increase in fresh fruit and a 10.0 per cent increase in meat princes.
Shelter prices rose 3.0 per cent, mainly lead by higher electricity and fuel oil prices.
The inflation rate in Saskatoon was 2.4 per cent for May and in Regina 2.5 per cent. StatsCan cautions rates for the cities may fluctuate widely due to small statistical samples.