Economics Questions and Answers

Start Your Free Trial

According to the link below, which Canadian province had the lowest level of inflation in the most recent year? What is the answer for question 7:

Expert Answers info

pohnpei397 eNotes educator | Certified Educator

calendarEducator since 2009

write35,413 answers

starTop subjects are History, Literature, and Social Sciences

To find this answer, you must first follow the instructions in your link.  This gets you to this page.  From there, you can click on the links on the left to each province of Canada.  This shows you figures for each province in turn.  The most recent year for which data is provided is 2011.  You find the inflation rate for that year by looking at the second line of bold-faced numbers, under the heading “% change from previous year.”  Do not simply look at the top line of bold as that is only the CPI and not the change in the CPI (inflation).

By looking at all of the provincial data, we can see that the lowest rates of inflation were in western Canada.  Both Alberta and British Columbia had an inflation rate of 2.4% in 2011, tying them for the lowest rate.  The next lowest rate was 2.9%, all the way across the country in Prince Edward Island.

check Approved by eNotes Editorial