FREE E-Newsletter
Canadian Garden Centre & Nursery
HomeIndustryRetailingOn TrendProfileRegister
  ABOUT US   |   CONTACT US   |   ADVERTISE   |   SITEMAP
MAGAZINE
Current Issue
Past Issues
News Archives
Web Exclusives
Video
Digital Archives
 
MARKETPLACE
Classifieds
New Products
Gardening Books
Job Board
COMMUNITY
Blog
Events
Photo Gallery
 
RESOURCES
Buyers Guide
E-Newsletter
Links
Sitemap
 
Consumer Prices Rise Despite GST Cut
Written by Canadian Garden Centre   
Consumer prices actually increased by a 10th of a percentage point in July, despite the one percentage point cut in the GST that went into effect on Canada Day.
Consumer prices actually increased by a 10th of a percentage point in July, despite the one percentage point cut in the GST that went into effect on Canada Day.

According to Statistic Canada, higher prices for gasoline, fresh fruit and other items were enough to cancel out the benefit from the lower GST.

Gasoline was the main culprit, rising 4.6 per cent over the month. Fresh fruit prices shot up 7.4 per cent.

Gasoline prices were also the biggest driver in the year-over-year rise in the cost of living. Prices at the pump were, on average, more than 16 per cent higher than they were a year earlier.

 
Jobs
No jobs to display at this time.