Consumer Price Index Monthly
Consumer Price Index, September 2020
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 (%)||0.5||0.3||0.0||-0.7||-0.2||0.3||0.6||0.2||0.8||1.5||0.4|
|Monthly Change (%)||-0.1||0.2||-0.1||0.0||-0.2||-0.3||-0.2||0.0||0.0||0.6||0.1|
Statistics Canada reported that there was no change in the All-Items Consumer Price Index for P.E.I. in September 2020, as compared to September 2019. This compares to a 0.5 per cent increase for Canada. Year-over-year price declines for P.E.I. were led by fuel oil and other fuels (-27.4%), followed by gasoline (-14.3%), traveler accommodation (-13.6%), telephone services (-6.7%), and women's clothing (-8.6%). These declines were offset by year-over-year increases for rent (12.1%), purchase and leasing of passenger vehicles (2.6%), cigarettes (9.9%), property taxes and other special charges (4.9%), and furniture (7.4%).
The monthly change for P.E.I. in September 2020 was -0.1 per cent. Higher prices for rent (3.3%), other fresh or frozen poultry*, women's clothing (2.6%), children's clothing (7.6%), and tuition fees (2.2%) were offset by lower prices for inter-city transportation (-6.9%), telephone services (-3.0%), bakery products (-4.4%), fresh vegetables (-4.4%), and dairy products (-2.5%).
Nationally, the All-Items Consumer Price Index rose 0.5 per cent on a year-over-year basis in September, up from a 0.1 per cent increase in August. Prices rose in six of the eight major components on a year-over-year basis. Year-over-year gasoline prices fell 10.7 per cent in September, following a 11.1 per cent decline in August. Prices rose in seven provinces on a year-over-year basis in September.
Impact of COVID-19 on the September CPI
Air transportation prices fell less in September (-3.2%) than in August (-16.0%), on a year-over-year basis. The normal cycle typically sees prices decline in September as demand weakens after prices rise during the peak summer travel season. Prices did not follow their usual seasonal pattern this year, as airfares fell during the summer months. As a result, prices fell less on a monthly basis in September 2020 (-7.3%) than in September 2019 (-19.5%) or September 2018 (-16.6%).
Tourist activity has remained weak since the onset of COVID-19 and related safety measures, including land border closures and travel advisories, which contributed to lower prices for air travel and traveler accommodation. Traveler accommodation prices were 26.5% lower in September 2020 compared with September 2019.
Clothing and footwear prices fell 4.1% on a year-over-year basis in September, following a 1.3% decrease in August. Demand for back-to-school clothing this September may have been impacted by factors related to COVID-19, continuing a trend of lower clothing sales during the pandemic and contributing to lower prices for consumers.
For more information about the impact of COVID-19 on the CPI, please consult the research document entitled "Adjusting the Consumer Price Index to the new spending realities during the pandemic" released on October 8, which explores new sources of expenditure data to estimate basket weights that reflect shifting consumption patterns during the pandemic.
For more information regarding the September CPI, see the Statistics Canada release at:
*data not published at the provincial level.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
Visit the Consumer Price Index Portal to find all CPI data, publications, interactive tools, and announcements highlighting new products and upcoming changes to the CPI in one convenient location.
The CPI for October 2020 will be released on November 18, 2020.
Source: Statistics Canada. Table 18-10-0004-01, Consumer Price Index, monthly, not seasonally adjusted