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Inflation rises by two per cent in Yellowknife in July

Food prices mostly increase, gasoline drops substantially
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Vegetables were one of the few food categories where prices declined in Yellowknife between July 2024 and July 2025, according to Statistics Canada. Maxpexel photo

Inflation climbed by two per cent in Yellowknife in July compared to a year earlier, Statistics Canada reported on Tuesday.

Across Canada, the Consumer Price Index rose by 1.7 per cent. In Edmonton, it was up by 1.2 per cent. Whitehorse saw prices jump by 2.9 per cent while Iqaluit realized just a 0.4 per cent increase.

In Yellowknife, prices inflated in six of eight categories tracked. Food was up by 3.8 per cent since last July. Specifically, seafood spiked by eight per cent, fruit and nuts soared by six per cent while dairy and eggs increased by around four per cent. Bakery and cereal items and vegetables actually declined by close to one per cent.

Food from restaurants climbed by 5.5 per cent year over year.

Shelter costs rose by 3.5 per cent in the NWT capital.

Savings were realized through cheaper gasoline and fuel oil and other fuels, which fell 12.1 per cent and eight per cent, respectively.

However, electricity went up by 3.2 per cent over the last 12 months, Statistics Canada reported.



About the Author: Derek Neary

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