NNSL (Jun 03/98) - The cost of living in Yellowknife rose only slightly, the latest figures from Statistics Canada show.
For April, the latest month for which figures have been released, the cost
of consumer goods and services rose one-tenth of a per cent.
Higher prices were reported for fresh vegetables,
restaurant meals, pork, fish and coffee.
Homeowner costs and traveller's accommodation costs were
also up.
Offsetting the increases were lower air fares, as well as
lower costs for new vehicles and vehicle repairs and maintenance.
Consumers also benefited from lower costs for fuel oil,
women's clothing and recreational equipment, Statistics Canada said.
Yellowknife's April 1998 all-items CPI was 107.8 compared
to 107.7 in March 1998. April 1997's all-item CPI was 108.0.
April's cost of living may have rose from the prior month
but compared to April 1997, the Yellowknife CPI dropped 0.2 per cent.
Comparative year-to-year figures show the CPI rose in Edmonton and
Whitehorse by one per cent and 1.2 per cent respectively. The Canada CPI
was up one per cent.
As well as the Yellowknife CPI, Statistics Canada recently
released gross domestic product figures for the NWT.
The North's economy grew 2.5 per cent last year, down from
4.8 per cent in 1996 (Canada, 3.8 per cent in 1997), Statistics Canada
says. NWT 1997 gross domestic product was $2.72 billion.
The North ranked sixth among the provinces and territories.
The Yukon was the only decline. GDP covers the value of all economic
activity.
Statistics Canada says construction of BHP's Ekati mine was
a big boost to the territory's GDP.
Ekati meant a 36 per cent jump in non-residential
construction. Another measure of the North's economy, final domestic
demand, rose 4.7 per cent, it's best jump in five years. Final domestic
demand excludes net exports.