With only a one per cent CPI increase in Sask. over the last year, Childs said residents are seeing their value of money decline at a slower rate than the rest of the country.
The high cost of living is a battle many Saskatchewan residents are facing, despite seeing better prices on many items.
Saskatchewan’s Consumer Price Index rose by one per cent in April 2024 over April 2023. It marks the second-lowest increase among the provinces and sits below the national average of 2.7 per cent.“Removing the Carbon Tax from home heating is helping our province tackle inflation,” Deputy Premier and Minister of Finance Donna Harpauer said. “Our government will always fight for the people of Saskatchewan and stand up against policies that hurt our province.
The CPI measures changes in the price of goods and services over time. Inflation is indicated by the growth of CPI, which helps assess changes to the cost of living. An individual’s ability to buy goods and services is affected by changes in income and prices.“You have a shopping list and you get sent to the store — how much is the shopping going to cost you?” economics professor Jason Childs said.
“There’s still going to be pressure and you’re still going to want to get your pay increase,” he said. “But it’s happening at a slower rate here than it is in the rest of the country.”Auto theft is causing Canadians ‘concern and trauma,’ insurance group saysRegina resident Ewen McCormick for example is very pleased with Saskatchewan’s cost of living.
“I just recently moved here from a very expensive city living in Vancouver so it’s a lot more affordable here.”“Are we profitable right now? I would say barely.”“If our wages are growing at less than one per cent, we’re falling behind. If they’re growing about more than one per cent, we’re getting ahead.”Ticks are ‘better, stronger, faster’: National Veterinary Association
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