Remember those $75 electricity rebates last year? That's why Alberta's inflation numbers look so high now

Canada's inflation rate has cooled in 2024, while Alberta's has shot up. That may seem alarming but it's not actually something to be too worried about, as it's largely driven by the electricity rebates the Alberta government issued a year ago.

Remember those $75 electricity rebates last year? That's why Alberta's inflation numbers look so high now
A residential electricity meter is seen in this file photo.

Canada's inflation rate has cooled in 2024, while Alberta's has shot up. That may seem alarming but it's not actually something to be too worried about, as it's largely driven by the electricity rebates the Alberta government issued a year ago.