Inflation decreased in BC last month

Statistics Canada says inflation fell in B-C last month as gasoline prices nudged downward countrywide. The latest data shows that BC recorded an inflation rate of 2.7 per cent in October, down from 3.3 per cent the month earlier.

Vancouver and Victoria both saw their rates drop, with Vancouver's falling from 4 per cent to 3.4 per cent and Victoria's dipping half a point to 2.3 per cent. Nationally, October's cost of living slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September as the price of gasoline was nearly eight per cent cheaper than it was one year earlier.