Consumer Price Index Monthly
Consumer Price Index, December 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 (%)||2.2||2.0||2.3||2.2||2.3||2.7||2.1||2.3||1.6||2.3||2.1|
|Monthly Change (%)||0.0||-0.2||-0.4||-0.4||-0.7||0.0||0.1||-0.1||-0.6||0.1||-0.1|
Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index for P.E.I. was 2.3 per cent in December 2019. This compares to a rise of 2.2 per cent for Canada. Year-over-year price increases for P.E.I. were led by gasoline (9.8%), followed by rent (5.6%), fuel oil and other fuels (6.1%), purchase and leasing of passenger vehicles (1.7%), and property taxes and other special charges (4.9%). These increases were partially offset by year-over-year declines for telephone services (-7.3%), drivers' licences*, passenger vehicle registration fees (-20.0%), travel tours*, and women's clothing (-2.0%).
The monthly change for P.E.I. in December 2019 was -0.4 per cent. Lower prices for women's clothing ( 10.8%), traveller accommodation (-12.1%), men's clothing (-7.1%), fresh or frozen chicken (-10.8%), and purchase and leasing of passenger vehicles (-0.6%) were mostly offset by higher prices for inter-city transportation (21.8%), rent (1.3%), internet access services (3.0%), fresh vegetables (3.3%), and fresh fruit (4.6%).
Consumer Price Index, Annual 2019
The change in the All-Items Consumer Price Index annual average for P.E.I. in 2019 showed an increase of 1.2 per cent. Energy prices on P.E.I. decreased by 3.8 per cent over 2018, while food prices increased 3.6 per cent. Core inflation (all items excluding energy and food) increased 1.4 per cent.
All provinces saw consumer prices increase in 2019. Prices increased at a faster rate than 2018 in Quebec, while inflation slowed in all other provinces. British Columbia posted the largest increase in annual average CPI at 2.3 per cent.
The annual average increase for Canada was 1.9 per cent, following an increase of 2.3 per cent in 2018. Increases occurred in all eight major components, with food (3.4 per cent) and shelter (2.6 per cent) increasing the most. Energy decreased by 2.2 per cent over 2018. Prices for gasoline decreased by 6.1 per cent, as crude oil prices remained low in the wake of slowing global demand, leading to lower prices at the pump. Core inflation for Canada was 2.0 per cent in 2019.
*data not published at the provincial level.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
The CPI for January 2020 will be released on February 19, 2020.
Source: Statistics Canada.
Table 18-10-0004-01, Consumer Price Index, monthly, not seasonally adjusted
Table 18-10-0005-01 Consumer Price Index, annual average, not seasonally adjusted