Consumer Price Index Monthly
Consumer Price Index, April 2022
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 (%)||6.8%||6.6%||8.9%||7.1%||7.6%||6.8%||6.9%||7.5%||5.9%||6.3%||6.7%|
|Monthly Change (%)||0.6%||0.7%||0.8%||0.7%||0.9%||0.7%||0.5%||0.8%||0.7%||0.3%||0.8%|
Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index (CPI) for P.E.I. was 8.9 per cent in April 2022. This was the highest year-over-year increase among provinces and on pace with March 2022 price increases. Year-over-year prices rose at a faster pace in April than in March in seven provinces. The monthly change for P.E.I. was 0.8 per cent, the second highest among provinces, on par with Manitoba and British Columbia. This compares to 6.8 per cent year-over-year and 0.6 per cent monthly increases for Canada.
Leading contributors to year-over-year price increases for P.E.I. were fuel oil and other fuels (80.7%), followed by gasoline (35.4%), rent (12.6%), purchase and leasing of passenger vehicles (7.6%), and furniture (22.7%). These increases were partially offset by year-over-year declines for video and audio subscription services (-20.6%), mortgage interest cost*, telephone services (-6.6%), internet access services (-4.3%), and men's clothing (-3.0%).
The monthly change for P.E.I. in April 2022 was 0.8 per cent. Higher prices for passenger vehicle parts, maintenance and repairs (3.8%), food purchased from restaurants (1.8%), fuel oil and other fuels (1.9%), homeowners' replacement cost (1.5%), and fresh or frozen chicken (13.4%), were partially offset by lower prices for video and audio subscription services (-7.2%), home entertainment equipment, parts and services (-5.0%), gasoline (-0.8%), rent (-0.7%), and children's clothing (-4.4%).
Excluding energy, PEI’s CPI increased 5.6 per cent, second among provinces behind Manitoba and British Columbia, both at 5.8 per cent, and on par with the increase in Ontario.
April 2022 CPI All-Items and All-Items Excluding Energy, Year-over-Year Change, Canada and Provinces
Nationally, the All-Items CPI rose 6.8 per cent on a year-over-year basis in April, up from a 6.7 per cent increase in March. This marks the fifth consecutive month where headline inflation rose at a faster pace than the previous month. Year-over-year prices rose at a faster pace in April as compared to March in four of the eight major components. The year-over-year increase in April was largely driven by food and shelter prices. Excluding gasoline, the CPI rose 5.8 per cent year over year in April, after a 5.5 per cent gain in March. This was the fastest pace since the introduction of the all-items excluding gasoline special aggregate in 1999.
Increases in input prices and transportation costs continued to put upward pressure on grocery prices. Canadians paid 9.7 per cent more in April for food purchased from stores compared with April 2021. This increase, which exceeded 5 per cent for the fifth month in a row, was the largest increase since September 1981. Increases in food prices have been broad-based, with consumers paying more for nearly everything at the grocery store. The conflict in Ukraine has pushed up prices for food products that use wheat, as both Russia and Ukraine are major exporters of wheat.
On a monthly basis nationally, the All-Items CPI rose 0.6 per cent in April, following a 1.4 per cent increase in March. Gasoline prices fell slightly on a month-over-month basis (-0.7%), following a gain of 11.8 per cent in March. Global crude oil prices declined in April, in part due to lower global demand expectations.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
* data not published at the provincial level
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 May 2022 will be released on June 22, 2022.
Source: Statistics Canada. Table 18-10-0004-01, Consumer Price Index, monthly, not seasonally adjusted