SHERI-LEE PRESENGER - REALTOR®
  • Home
  • About Sheri-Lee
  • Testimonials
  • Blog
  • Resources
    • For Buyers >
      • Finding A Home
      • Featured Properties
      • Search For Properties
      • Property Search
      • Advanced Search
      • Additional Home Buying Costs
      • VIP Listing Access
      • Mortgage Calculator
    • For Sellers >
      • Free Home Evaluation
      • Preparing Your Home To Sell
      • Sheri-Lee's Marketing Plan
    • Statistics
  • Contact
    • Refer Sheri-Lee
    • Send Me An Email

BLOG

inflation picks up in alberta

8/22/2014

0 Comments

 
Consumers in Alberta saw prices rise, on average, at a faster pace in July than they did in June, according to this morning’s Consumer Price Index report from Statistics Canada.

The all-items year-over-year increase in July was 2.5 per cent, up from a 1.9 per cent increase in June. Over the last twelve months, Alberta’s inflation rate has averaged 2.2 per cent, very close the Bank of Canada’s 2.0 per cent target for the entire Canadian economy.

Canada’s inflation rate moved in the opposite direction, falling from an annual increase of 2.4 per cent in June to 2.1 per cent last month. The core inflation rate—which strips out the most volatile components of the index to get a better read on where true price pressures are—rose 1.7 per cent in the 12 months leading up to July, after increasing 1.8 per cent in June.

Alberta’s inflation was led by significant gains in natural gas home heating costs, which jumped 41.8 per cent year-over-year. Natural gas prices have been particularly volatile for Alberta consumers over the last year. Other increases were noted in the price of home and mortgage insurance (+14.8 per cent) and fresh fruit (+11.5 per cent). Prices were lower compared to last year for electricity (-17.6 per cent) and public transportation (-1.0 per cent).

Today’s inflation report will do little to change the Bank of Canada’s belief that there is still plenty of slack in the Canadian economy and that price pressures at the consumer level are not strong.
Picture
**Article and research provided by Todd Hirsch of ATB Financial. Thanks Todd!!
0 Comments



Leave a Reply.

    Author

    Sheri-Lee Presenger

    Archives

    January 2016
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All
    2015 Market Outlook
    Alberta
    Calgary
    Calgary Housing Starts
    Condos
    Ecomomics
    Edmonton
    Employment
    History
    Home Winterization
    Real Estate
    Real Estate Investment Properties
    RE/MAX

    RSS Feed

    View my profile on LinkedIn
SHERI-LEE PRESENGER 
Real Estate Agent
Real Estate Professionals Inc
#100, 5810 2nd Street SW
Calgary, AB
Picture
Picture

Contact me anytime,

Cell: 403-807-1145
Email: sheri.presenger@gmail.com


The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
REAL POWER - REAL ESTATE
  • Home
  • About Sheri-Lee
  • Testimonials
  • Blog
  • Resources
    • For Buyers >
      • Finding A Home
      • Featured Properties
      • Search For Properties
      • Property Search
      • Advanced Search
      • Additional Home Buying Costs
      • VIP Listing Access
      • Mortgage Calculator
    • For Sellers >
      • Free Home Evaluation
      • Preparing Your Home To Sell
      • Sheri-Lee's Marketing Plan
    • Statistics
  • Contact
    • Refer Sheri-Lee
    • Send Me An Email