Consumer Price Index Monthly

Consumer Price Index, June 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

Line graph showing the all-items consumer price index for Prince Edward Island and Canada from May 2017 to June 2018. In May 2017, the CPI for Canada was 130.5 and for PEI it was 133.3. By June 2018, this has risen to 133.6 for Canada and to 137.3 for PEI.

All-Items Consumer Price Index by Province

  CAN NL PE NS NB QC ON MB SK AB BC
June 2018 133.6 138.1 137.3 135.3 134.0 129.2 135.3 133.7 137.5 140.7 128.6
May 2018 133.4 137.8 136.5 135.2 133.9 129.3 134.9 133.7 137.9 140.7 128.4
June 2017 130.4 135.0 133.4 132.4 131.1 126.7 132.1 130.2 133.9 136.9 125.2
Year Over year Change (%) 2.5% 2.3% 2.9% 2.2% 2.2% 2.0% 2.4% 2.7% 2.7% 2.8% 2.7%
Monthly Change (%) 0.1% 0.2% 0.6% 0.1% 0.1% -0.1% 0.3% 0.0% -0.3% 0.0% 0.2%

Summary

Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index for P.E.I. was 2.9 per cent in June 2018. This compares to a rise of 2.5 per cent for Canada. Year-over-year price increases for P.E.I. were led by gasoline (22.4%), followed by fuel oil and other fuels (31.3%), inter-city transportation (12.1%), purchase and leasing of passenger vehicles (1.8%), and electricity (2.3%). These increases were partially offset by year-over-year declines for telephone services (-9.5%), bakery products (-5.7%), women's clothing (-3.5%), travel tours*, and preserved vegetables and vegetable preparations (-9.9%).

The monthly change for P.E.I. in June 2018 was 0.6 per cent. Lower prices for travel tours*, women's clothing (-3.5%), gasoline (-1.0%), preserved fruit and fruit preparations (-8.0%), and telephone services (-1.1%) were offset by higher prices for traveler accommodation (23.8%), purchase and leasing of passenger vehicles (1.5%), other fresh or frozen poultry*, fresh or frozen pork (33.6%), and inter-city transportation (4.7%).

 

*data for travel tours and other fresh or frozen poultry not released at the provincial level.

 

Related downloads for this release:

Monthly Consumer Price Index Report PDF (87KB)

The CPI for July 2018 will be released on August 17, 2018.

Published date: 
July 20, 2018
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Phone: (902) 368-4040
Fax: (902) 368-6575

FinanceInquiries@gov.pe.ca