Statistics Canada says a spike in the amount Albertans paid for electricity last month counteracted an overall decline in energy prices in July — and was one of the key reasons cited by the agency as the overall inflation rate ticked up.
The agency says energy prices were down 8.2 per cent in July on a year-over-year basis, compared with 14.6 per cent in June.
Yet the price of electricity was up 11.7 per cent last month compared with 5.8 per cent in June, with the gain attributed to a 127.8 per cent increase in Alberta electricity prices. July's costs also rose compared with last year due to the province phasing out temporary measures that helped keep energy costs lower before the summer.
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