Friday, November 23, 2012

Inflation Up Nationally And Locally

Thunder Bay went from deflation to inflation as the monthly Statistics Canada report was released this morning. The city's inflation rate now stands at 0.4 percent which is a half of a percentage point increase from last month.  The national inflation rate remained unchanged for a third straight month at 1.2 per cent.   The rate was slightly higher than experts had predicted, especially since gasoline prices went down during the month.