Consumer Price Index Monthly
Consumer Price Index, August 2018
This monthly release of the The Consumer Price Index (CPI) for Canada, the provinces, Whitehorse and Yellowknife, provides a descriptive summary of retail price movements, inflation rates and the factors underlying them.
PEI and Canada Consumer Price Index
|Year Over year Change (%)||2.8%||2.5%||3.0%||2.7%||2.6%||2.2%||3.1%||2.9%||2.2%||3.1%||2.9%|
|Monthly Change (%)||-0.1%||-0.1%||-0.3%||0.1%||-0.1%||-0.2%||-0.1%||-0.1%||-0.3%||-0.1%||-0.1%|
Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index for P.E.I. was 3.0 per cent in August 2018. This compares to a rise of 2.8 per cent for Canada. Year-over-year price increases for P.E.I. were led by fuel oil and other fuels (30.4%), followed by gasoline (18.7%), inter-city transportation (25.3%), purchase and leasing of passenger vehicles (2.8%), and food purchased from restaurants (4.3%). These increases were partially offset by year-over-year declines for electricity (-4.8%), telephone services (-3.7%), traveler accommodation (-4.6%), fresh or frozen chicken (-14.0%), and other food preparations*.
The monthly change for P.E.I. in August 2018 was -0.3 per cent. Lower prices for electricity (‑3.6%), gasoline (-1.6%), fuel oil and other fuels (-1.9%), telephone services (-1.9%), and fresh fruit (-7.0%) were mostly offset by higher prices for traveler accommodation (9.5%), preserved fruit and fruit preparations (10.1%), dairy products (1.6%), recreational equipment and services excluding recreational vehicles (1.9%), and women's clothing (1.6%).
*data not released at the provincial level.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
The CPI for September 2018 will be released on October 19, 2018.