Mortgage rate expenses 21% higher than last January, Statistics Canada says
After falling behind Manitoba at the end of 2022, Prince Edward Island again led the country in January, recording the highest inflation rate of any jurisdiction in Canada.
But that rate is coming down.
P.E.I.’s annual average Consumer Price Index for the first month of 2023 was 7.0 per cent, compared to 7.7 per cent a month earlier and 8.8 in in January 2022.
