Here’s what will cost more in B.C. starting April 1
The rising cost of living has become part of life since the start of last year when the COVID-19 pandemic hangover hit — a sudden and sustained jump in the prices of goods and services due to a variety of factors.
Latest B.C. Stats figures show an inflation rate of 6.2 per cent in February.
Adding fuel to the fire, here are some of the scheduled cost of living increases and inflationary pressures that will appear on or around April 1.
On Saturday, provincial and federal carbon taxes will rise, leading to an increase in the cost of fuel and other sources of energy. The provincial carbon tax will add three cents to the price of a litre of gas with total carbon tax per year coming to 14.1 cents a litre. The tax increases will also lead to higher costs for aviation fuel that will ultimately be added on to fares. The B.C. carbon tax is set to increase even further, adding 26 centre to the cost of a litre of gas by 2030.
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