B.C.’s consumer price index jumped by more than 3% for each of the past 3 years
In the seven years since the NDP came to power in British Columbia, food prices have jumped by almost 30 per cent.
In a note published through the research agency C.D. Howe Institute, Antweiler said Russia’s war on Ukraine was a fundamental reason why grain, fertilizer and energy costs had cascaded into food costs. B.C.’s consumer price index jumped by more than three per cent for each of the last three years — including a 6.8 per cent spike in 2022 — and is about 56 per cent higher than it was 2002. That’s about one-tenth lower than all of Canada at 62 per cent.
The heavy focus on daily costs doesn’t surprise Pavlov, who said Canada’s inflation rate had reached a level in 2022 that was difficult to ignore.
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