In the seven years since the NDP came to power in British Columbia, food prices have jumped by almost 30 per cent.

Rent and transport costs are up by about a quarter, while the cost of filling up with gasoline has risen by almost half.

It含羞草研究社檚 been a painful process that has made the cost of living a major battleground ahead of the Oct. 19 provincial election. But experts say that while some provincial policy strategies can have an impact, much of the inflationary pressure has global origins.

University of British Columbia Sauder School of Business associate Prof. Werner Antweiler said interest rate and fiscal policy can effect change in housing prices, but the pressures that have forced up grocery prices cannot be easily influenced at a local political level.

In a note published through the research agency C.D. Howe Institute, Antweiler said Russia含羞草研究社檚 war on Ukraine was a fundamental reason why grain, fertilizer and energy costs had cascaded into food costs.

含羞草研究社淭he blame for high food prices falls neither on greedy retail chain CEOs nor on Canada含羞草研究社檚 carbon tax,含羞草研究社� Antweiler said in the note. 含羞草研究社淢ost contributing factors can be attributed to global sources.含羞草研究社�

Nevertheless, the issue of costs has been a key driver of political debate in B.C.

On Sept. 12, before the campaign period officially began, B.C. NDP Leader David Eby announced that his party would end the provincial carbon tax on consumers if the federal mandate requiring such a tax was removed by the party that wins the next federal election.

Eby cited 含羞草研究社渞ising interest rates含羞草研究社� and 含羞草研究社渉igh global inflation含羞草研究社� as cost pressures that had eroded political consensus on the carbon tax, which Antweiler said had been used as a 含羞草研究社渟capegoat.含羞草研究社�

B.C. Conservatives Leader John Rustad described the move as a 含羞草研究社渄esperate attempt含羞草研究社� to boost support and called the carbon levy a 含羞草研究社渄isastrous tax that punishes families and businesses.含羞草研究社�

B.C.含羞草研究社檚 consumer price index jumped by more than three per cent for each of the last three years 含羞草研究社� including a 6.8 per cent spike in 2022 含羞草研究社� and is about 56 per cent higher than it was 2002. That含羞草研究社檚 about one-tenth lower than all of Canada at 62 per cent.

含羞草研究社淭wo, three per cent is no problem,含羞草研究社� said Simon Fraser University finance Prof. Andrey Pavlov of the price of inflation.

含羞草研究社淭he moment it becomes six or seven, people notice that right away. And when it含羞草研究社檚 not just one item, but it含羞草研究社檚 everything you consume, people who are living on a tight budget to begin with absolutely notice it.含羞草研究社�

The B.C. Conservatives list cost-of-living at the top of the party含羞草研究社檚 policy plan on its website, calling for the privatization of auto insurance, supporting parents directly with daycare costs, and removal of the carbon tax.

The heavy focus on daily costs doesn含羞草研究社檛 surprise Pavlov, who said Canada含羞草研究社檚 inflation rate had reached a level in 2022 that was difficult to ignore.

含羞草研究社淚nflation has tapered off, but at some point it was up to six per cent, seven per cent in Canada,含羞草研究社� Pavlov said, adding the prices are not coming down. 含羞草研究社淎nd when it含羞草研究社檚 that high, people feel that immediately, because every single item you含羞草研究社檙e shopping for is certainly more expensive.含羞草研究社�

The issue isn含羞草研究社檛 restricted to personal living costs. Business groups say higher costs in B.C. have translated to labour shortages as people seek more affordable destinations.

BC Chamber of Commerce president Fiona Famulak said while some cost factors are beyond provincial control, the government was able to lower taxes and provide other measures granting some relief.

含羞草研究社淲e have a sign on our provincial storefront that says to the world, British Columbia is closed for business,含羞草研究社� Famulak said of the high costs and their knock-on effects. 含羞草研究社淚t含羞草研究社檚 time to flip that sign.含羞草研究社�

Pavlov said there are adjustments B.C. can make locally, even given the global forces at play on items such as groceries.

The province could boost local goods and services to insulate B.C. more from global inflationary pressures, he said.

含羞草研究社淭hat will help British Columbians manage that inflation much better,含羞草研究社� he said. 含羞草研究社淯nfortunately, I don含羞草研究社檛 see that. I haven含羞草研究社檛 seen that from our current government. On the contrary, one measure after another imposes additional risk and costs on doing really any business in British Columbia, and as a result, it含羞草研究社檚 very difficult to provide goods and services in British Columbia locally.

含羞草研究社淭hat really depends a lot on what happens with the election. If whichever government comes in takes this seriously and actually helps businesses operate in British Columbia 含羞草研究社� then it will make it much easier for people to manage those higher prices.含羞草研究社�

Here is a look at changes in components of the consumer price index in British Columbia since 2017, the year the NDP came to power, with the index based on 2002 cost levels being set at 100 points.

• Food: From 137.7 in 2017 to 177.1 in 2023. Up 28.6 per cent.
• Rented homes: From 118.5 in 2017 to 146.1 in 2023. Up 23.3 per cent.
• Owned homes: From 113.2 in 2017 to 145.6 in 2023. Up 28.6 per cent.
• Household operations/furnishing: From 117.7 in 2017 to 127.9 in 2023. Up 8.7 per cent.
• Clothing/footwear: From 104.5 in 2017 to 106.7 in 2023. Up 2.1 per cent.
• Transportation: From 134.1 in 2017 to 165.3 in 2023. Up 23.3 per cent.
• Health/personal care: From 118.1 in 2017 to 139.8 in 2023. Up 18.4 per cent.
• Recreation/education: From 122.3 in 2017 to 140.2 in 2023. Up 14.6 per cent.
• Tuition: From 214.3 in 2017 to 240.8 in 2023. Up 12.4 per cent.
• Alcohol/tobacco: From 145.1 in 2017 to 179.4 in 2023. Up 23.6 per cent.
• Cigarettes: From 183 in 2017 to 293.8 in 2023. Up 60.5 per cent.
• Electricity: From 173.3 in 2017 to 188 in 2023. Up 8.5 per cent.
• Natural gas: From 93.2 in 2017 to 139 in 2023. Up 49.1 per cent.
• Fuel oil: From 216.8 in 2017 to 350.7 in 2023. Up 61.8 per cent.
• Gasoline: From 178.5 in 2017 to 258 in 2023. Up 44.5 per cent.

Overall the index was up 21 per cent in B.C., and 20.1 per cent in all of Canada.