Prices increase in Newfoundland by 4.1%

A Statistics Canada report is saying that prices in Newfoundland and Labrador rose 4.1 per cent in the past 12 months — the largest increase among the provinces. The overall inflation rate for the country was 2.9%, a number that matched the expectations of economists. Overall prices rose in all eight major components it tracks and in every province; the CBC reports that the inflation rate has been above the Bank of Canada’s two per cent target for more than a year now.

Source: CBC

Our goal is to raise $15,000 before the end of the year to solidify our plans for 2023. We need your support to keep producing this progressive, explanatory, and unique local journalism.

 

Want more of The Independent?

You can make it happen.

More in-depth explainers. More community news.

Will you help us raise $15,000 for our investigative journalism, witty commentary, and cutting analysis of Newfoundland and Labrador issues?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top