Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Carbon Tax Removal Keeps Saskatchewan Inflation Rate at Second Lowest in Nation

Released on June 25, 2024

Consumer Price Index Increase Ranks Consistently low among Provinces

In May 2024, Saskatchewan's Consumer Price Index (CPI) increased by 1.5 per cent compared to May 2023. This is the second lowest rise among the provinces and significantly lower than the national average of 2.9 per cent.

"Our Government will continue to stand up for Saskatchewan with the elimination of the carbon tax on home heating as a significant measure in the fight to tackle inflation," Minister of Trade & Export Development Jeremy Harrison said. "The federal carbon tax negatively impacts the interests of this province and the people who live here.  Our priority will always be the defense of our economic well-being against the out of touch federal Liberal/NDP coalition government."

The CPI measures changes in the price of goods and services over time. Inflation is indicated by the growth of CPI, which helps assess changes to the cost of living. An individual's ability to buy goods and services is affected by changes in income and prices.

Infographic

Statistics Canada's latest GDP numbers indicate that Saskatchewan's 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.2 billion, or 1.6 per cent. This places Saskatchewan second in the nation for real GDP growth, and above the national average of 1.2 per cent. 

Saskatchewan continues to see strong economic outcomes, with the province's exports totaling over $101.9 billion for 2022 and 2023 combined. This is a 52.2 per cent increase from the previous two-year period of 2020-2021, which saw $66.9 billion in total exports.

Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada.

The Government of Saskatchewan also recently unveiled its new Securing the Next Decade of Growth - Saskatchewan's Investment Attraction Strategy. This strategy combined with Saskatchewan's trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.  

For more information visit InvestSK.ca.

-30-


For more information, contact:

Media Relations
Trade and Export Development
Regina
Phone: 306-526-6302
Email: media.ted@gov.sk.ca

We need your feedback to improve saskatchewan.ca. Help us improve