GST holiday drives consumer price drop
Consumer prices on the West Coast dropped by 0.1 per cent last month, as the province’s inflation rate cooled to 2.6 per cent.
Only Alberta saw its annual inflation rate in the same ball park as B.C., while growth in consumer prices in other big provinces like Ontario and Quebec was notably lower. The federal government introduced a temporary pause on taxes to those items last month, along with tobacco and cannabis products, clothing, and some toys, among others.
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