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

All-Items Consumer Price Index by Province

  CAN NL PE NS NB QC ON MB SK AB BC
August 2018 134.2 138.9 137.6 136.2 134.7 129.5 135.9 134.2 137.6 141.6 129.6
July 2018 134.3 139.1 138.0 136.0 134.8 129.7 136.0 134.4 138.0 141.8 129.7
August 2017 130.5 135.5 133.6 132.6 131.3 126.7 131.8 130.4 134.7 137.4 125.9
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%

Summary

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.

Published date: 
September 21, 2018
Finance department logo

General Inquiries

Department of Finance
2nd Floor South, Shaw Building
95 Rochford Street
P.O. Box 2000
Charlottetown, PE, C1A 7N8

Phone: (902) 368-4040
Fax: (902) 368-6575

FinanceInquiries@gov.pe.ca