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Inflation rises


Northern News Services

Yellowknife (Mar 28/01) - Living costs in the territorial capital have jumped 2.1 per cent over the past year, according to the latest figures.

Statistics Canada information, recently released by the Government of the Northwest Territories Bureau of Statistics, shows the Yellowknife all-items consumer price index for February was 2.1 per cent higher than a year earlier.

By comparison, the annual price increase was 2.9 per cent for Canada, 3.4 per cent for Edmonton and 2.7 per cent for Whitehorse.

In Yellowknife, prices for consumer goods and services in February were 0.1 per cent higher compared to January.

Higher prices were recorded for inter-city transportation, fresh vegetables and travel services.

Offsetting price declines in Yellowknife were recorded for fresh fruit, served alcoholic beverages and women's clothing.

The overall price increase in Yellowknife of 2.1 per cent between February 2000 and February 2001 can be largely attributed to a 9.9 per cent increase in the price of gasoline.

The largest contributor in offsetting this annual price increases was a 12.7 per cent decline in the cost of fresh fruit.