Rent and gas stand out as drivers of P.E.I. inflation, still nation's highest
CBC
After a couple of months of easing, the consumer price index on P.E.I. was up again in October.
The CPI fell in August and was unchanged in September, but October saw it rise 1.5 points to 160.7. The net result is an annual inflation rate of 8.7 per cent, the highest in the country for the 20th month in a row.
The national inflation rate was 6.9 per cent in October, unchanged from September.
The other three provinces in Atlantic Canada all saw rates below eight per cent.
The annual inflation rate for rent on Prince Edward Island was almost double the Canadian average.
Nationally, the rate was 4.7 per cent, well below the rate for all items. On P.E.I. the annual rate was 9.0 per cent, slightly above the overall rate of 8.7 per cent.
Homeowners on the Island had a better time of it, with shelter costs up just 4.2 per cent. Nationally the index was up 6.8 per cent.
Gasoline price inflation, at 23.0 per cent, was six percentage points above the national average.
Food prices were up in P.E.I. grocery stores and restaurants alike, with a 9.0 per cent increase in restaurants and 12.3 per cent for groceries. Both rates were 1.3 percentage points higher than the national average.
Fuel oil, with an annual inflation rate of 54.9 per cent on P.E.I., is a big contributor to the overall rate, as it is across Canada. The national rate was slightly higher, at 55.9 per cent.
P.E.I.'s Public Schools Branch is looking for 50 substitute bus drivers, and it'll be recruiting at three job fairs on Saturday, June 8. The job fairs are located at the Atlantic Superstore in Montague, Royalty Crossing in Charlottetown, and the bus parking lot of Three Oaks Senior High in Summerside. All three run from 9 a.m. until noon. Dave Gillis, the director of transportation and risk management for the Public Schools Branch, said the number of substitute drivers they're hiring isn't unusual. "We are always looking for more. Our drivers tend to have an older demographic," he said.