Consumer Price Index Monthly
Consumer Price Index, December 2017
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
|Year Over year Change (%)||1.9%||1.7%||2.0%||1.7%||2.9%||1.8%||1.5%||2.9%||3.4%||2.0%||2.0%|
|Monthly Change (%)||-0.4%||-0.4%||-0.9%||-0.3%||-0.2%||-0.2%||-0.5%||-0.4%||-0.5%||-0.6%||-0.6%|
|Annual Average 2017||130.4||135.7||133.2||132.4||131.2||126.9||131.9||130.5||134.4||137.3||125.0|
|Annual Average 2016||128.4||132.5||130.8||130.9||128.2||125.6||129.7||128.4||132.2||135.2||122.4|
Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index for P.E.I. was 2.0 per cent in December 2017. This compares to a rise of 1.9 per cent for Canada. Year-over-year price increases for P.E.I. were led by fuel oil and other fuels (10.5%), followed by purchase and leasing of passenger vehicles (3.9%), video and audio subscription services (18.9%), gasoline (6.1%), and inter-city transportation (11.1%). These increases were partially offset by year-over-year declines for traveller accommodation (-12.0%), recreational equipment and services excluding recreational vehicles (-4.1%), fresh or frozen chicken (-9.1%), personal care supplies and equipment (-4.7%), and women's clothing (-2.7%).
The monthly change for P.E.I. in December 2017 was -0.9 per cent. Lower prices for traveller accommodation (‑14.3%), women's clothing (-8.8%), gasoline (-3.5%), recreational equipment and services excluding recreational vehicles (-5.3%), and other fresh or frozen poultry were partially offset by higher prices for fuel oil and other fuels (3.0%), purchase and leasing of passenger vehicles (0.9%), inter-city transportation (3.2%), fresh or frozen pork (13.4%), and reading material excluding textbooks (4.8%).
 data not published at the provincial level
Consumer Price Index, Annual 2017
The change in the All-Items Consumer Price Index annual average for P.E.I. in 2017 showed an increase of 1.8 per cent. Energy prices on P.E.I. increased by 7.3 per cent over 2016, while food prices decreased by 2.1 per cent. Core inflation (all items excluding energy and food) increased by 1.9 per cent.
All provinces saw consumer prices increase in 2017. Prices increased at a faster rate than 2016 in Prince Edward Island, New Brunswick, Quebec, Manitoba, Saskatchewan, Alberta, and British Columbia. Newfoundland and Labrador and New Brunswick posted the largest increases in annual average CPI.
The annual average increase for Canada was 1.6 per cent, following an increase of 1.4 per cent in 2016. Increases occurred in food prices by 0.1 per cent, household operations by 0.2 per cent, energy by 5.3 per cent, and shelter by 1.7 per cent. The transportation index increased by 3.9 per cent, with gasoline being the primary contributor, which increased by 11.8 per cent. Decreases occurred in clothing, down 0.7 per cent. Core inflation for Canada was 1.6 per cent in 2017.
Source: Statistics Canada, Consumer Price Index, released January 26, 2018.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
The CPI for January 2018 will be released on February 23, 2018.