Alberta UCP announces cost of living measures as provincial inflation rate rises

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EDMONTON – Alberta’s United Conservative authorities has introduced two measures to assist curb an growing cost of living.

The province says will hold a 13-cent provincial excise tax on gasoline in place for 3 extra months after it first got here into impact in April.

The gasoline tax reduction program is to be reviewed in September.

The province stated in a second news launch it can additionally present houses, farms and small companies with $50 month-to-month credit for electrical energy payments in July, August and September.

The rebate can be utilized to the payments routinely.

The bulletins had been made after Statistics Canada reported the province’s annual rate of inflation elevated to 7.1 per cent final month from 6.3 per cent in April, largely as a consequence of larger power prices.

The province stated it desires to supply the focused help to assist Albertans take care of the rising cost of living.

“These rebates, combined with the fuel tax exemption, will help the large majority of Alberta households pay their bills while we make the long-term changes needed to make energy more affordable in the years ahead,” stated Dale Nally, affiliate minister of pure gasoline and electrical energy.

“Countless Albertans have told us how much the (fuel tax) program has helped them during these challenging economic times,” stated Minister of finance Jason Nixon

“With the program’s extension, Alberta’s government is continuing to support Albertans and their ability to afford everyday goods.”

This report by The Canadian Press was first printed June 22, 2022.

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