By Kody Ferron, Local Journalism Initiative Reporter, Yellowknifer
August 18, 2026
Everything in Yellowknife is more expensive than in July 2025, according to Statistics Canada.
According to the July consumer price index (CPI) report released on Aug, 17, inflation on the basket of good analyzed rose by 3.4 per cent from July 2025 to July 2026.
Nationally, the CPI rose by three per cent. Ontario saw the smallest CPI increase of only two per cent.
Statistics Canada stated that Nova Scotia saw the highest provincial CPI rise by five per cent, while Whitehorse realized a hike of 5.5 per cent. Iqaluit’s 3.4 per cent jump matched Yellowknife’s.
All major components of CPI drove Yellowknife’s 3.4 per cent increase, including: transportation at 7.4 per cent; shelter at 3.5 per cent; energy at 10.4 per cent; gasoline at 25.1 per cent and other fuels at 16.1 per cent; household operations and furnishings at 1.5 per cent; health and personal care at 2.7 per cent; alcoholic beverages and tobacco products at 1.8 per cent; recreation, education and reading at 3.4 per cent; and food at 2.4 per cent.
Statistics Canada says the energy price increase in Yellowknife is not unique, noting that all jurisdictions experienced double-digit growth between July 2025 and July 2026.
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