Consumer Price Index Monthly
Consumer Price Index, February 2019
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 (%)||1.5||0.5||0.4||1.0||0.9||1.3||1.5||2.0||1.3||1.6||2.2|
|Monthly Change (%)||0.7||0.7||0.7||0.5||0.5||0.9||0.6||0.8||0.8||1.1||0.5|
Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index for P.E.I. was 0.4 per cent in February 2019. This compares to a rise of 1.5 per cent for Canada. Year-over-year price increases for P.E.I. were led by purchase and leasing of passenger vehicles (1.5%), followed by rent** (2.9%), mortgage interest cost*, passenger vehicle insurance premiums (4.7%), and dairy products (5.2%). These increases were offset by year-over-year declines for gasoline (-13.6%), electricity (-4.8%), internet access services (-13.1%), fresh or frozen beef (-12.6%), and drivers' licences*.
The monthly change for P.E.I. in February 2019 was 0.7 per cent. Lower prices for food purchased from restaurants (‑1.5%), fresh or frozen beef (-8.3%), other fresh or frozen poultry*, fresh or frozen chicken (-6.7%), and cereal products excluding baby food (-4.3%) were offset by higher prices for fuel oil and other fuels (8.9%), purchase and leasing of passenger vehicles (1.1%), rent** (1.7%), gasoline (1.9%), and men's clothing (6.2%).
*data not published at the provincial level.
** users are reminded that the methodology for the rent index was updated with the January 2019 Consumer Price Index (CPI) as part of the regular review of CPI methodology. Interpretation of the 12-month price change indicator should be made with caution, particularly in the year following the implementation of the new methodology.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
The CPI for March 2019 will be released on April 17, 2019.