Inflation remains low but increases to 1.5%
Consumer price inflation in B.C. edged higher in
June to 1.5%, following a temporary drop to 1.3% in May. Despite the gain, inflation remained near the lowest level in two-years and below the 2.7% reading recorded in June of last year.
Consumer prices have stayed relatively flat in recent months, reflecting a tempered economic environment, which is non-conducive to upward price pressure on general goods and services. The consumer price index (CPI) rose less than 0.1% from May on a seasonally-adjusted basis. In contrast, monthly gains in the first quarter were significantly stronger and consistently at, or above, 0.2%.
