Consumer Price Index Monthly
Consumer Price Index, December 2025 and Annual 2025
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
| Dec-25 | Nov-25 | Dec-24 | Year Over year Change (%) | Monthly Change (%) | |
| CA | 165.0 | 165.4 | 161.2 | 2.4% | -0.2% |
| NL | 165.6 | 165.6 | 160.7 | 3.0% | 0.0% |
| PE | 168.1 | 168.2 | 163.6 | 2.8% | -0.1% |
| NS | 168.7 | 169.1 | 163.6 | 3.1% | -0.2% |
| NB | 165.2 | 165.9 | 160.3 | 3.1% | -0.4% |
| QC | 162.6 | 162.6 | 157.5 | 3.2% | 0.0% |
| ON | 166.1 | 166.6 | 162.7 | 2.1% | -0.3% |
| MB | 165.9 | 166.5 | 160.0 | 3.7% | -0.4% |
| SK | 166.4 | 166.7 | 162.8 | 2.2% | -0.2% |
| AB | 173.3 | 173.4 | 169.7 | 2.1% | -0.1% |
| BC | 158.7 | 159.5 | 156.1 | 1.7% | -0.5% |
Statistics Canada reported that the year-over-year change in the All-Items Consumer Price Index (CPI) for P.E.I. was 2.8 percent in December 2025. The year-over-year acceleration in the all-items CPI was driven by the temporary Harmonized Sales Tax (HST) break that began on December 14, 2024. Year-over-year prices rose at a faster pace in December than in November in 9 provinces. The change to the All-items index for P.E.I. as compared to November 2025 was -0.1 percent. This compares to 2.4 percent year-over-year and -0.2 percent monthly changes for Canada.
Leading contributors to year-over-year price increases for P.E.I. were food purchased from restaurants (12.4%), followed by rent (5.7%), purchase and leasing of passenger vehicles (2.8%), telephone services (11.3%), and recreational equipment and services, excluding recreational vehicles (8.4%). These increases were partially offset by year-over-year declines for gasoline (-11.5%), traveler accommodation (-18.4%), fresh vegetables (-9.0%), women's clothing (-4.2%), and pet food and supplies1.
The monthly change in the All-Items CPI for PEI in December 2025 was -0.1 percent. Higher prices for inter-city transportation (32.5%), rent (3.4%), travel tours1, fresh fruit (5.6%), and food purchased from restaurants (0.3%) were mostly offset by lower prices for gasoline (-3.7%), financial services (-4.9%), fuel oil and other fuels (-4.8%), sugar and confectionery (-12.8%), and women's clothing (-4.2%).
Year-over-year prices increased at a faster pace in December than in November in 4 of the 8 major CPI components. Food and household operation costs led increases, rising by 7.7 percent and 3.9 percent respectively.
The cost for food (from both stores and restaurants) increased by 7.7 percent as compared to December 2024. This was due largely to the temporary GST/HST break on certain goods introduced on December 14, 2024. Food purchased from restaurants was up 12.4 percent year-over-year in December, up from a 3.5 percent increase in November. Food purchased from stores increased 4.8 percent, up from a 4.6 percent increase in November. Prices for dairy products and eggs (+0.8%), bakery and cereal products excluding baby food (+3.4%), fruit, fruit preparations and nuts (+6.6%), and other food products and non-alcoholic beverages (+7.5%) rose at a faster pace in December than in November, while price increases slowed for meat products (+10.5%) and fish, seafood other marine products (6.4%). Prices for vegetables and vegetable preparations (-4.4%) declined on a year-over-year basis in December.
December 2025 Prince Edward Island CPI, Eight Major Components and Energy
| Prince Edward Island CPI Major Components and Energy | |||||||||
| Food | Household operations, furnishings & equipment | Shelter | Clothing & Footwear | Transportation | Health & Personal Care | Recreation, Education, & Reading | Alcohol, Tobacco, & Cannibis | Energy | |
| Dec-25 | 210.3 | 141.8 | 182.7 | 95.1 | 173.5 | 159.0 | 125.8 | 235.7 | 221.4 |
| Nov-25 | 212.2 | 143.0 | 181.7 | 97.5 | 171.9 | 160.0 | 126.2 | 235.2 | 228.8 |
| Dec-24 | 195.2 | 136.5 | 179.1 | 96.0 | 175.8 | 154.8 | 123.6 | 227.0 | 238.7 |
| Year Over year Change (%) | 7.7% | 3.9% | 2.0% | -0.9% | -1.3% | 2.7% | 1.8% | 3.8% | -7.2% |
| Monthly Change (%) | -0.9% | -0.8% | 0.6% | -2.5% | 0.9% | -0.6% | -0.3% | 0.2% | -3.2% |
Energy2 costs decreased by 7.2 percent year-over-year, down from a 5.5 percent decline in November. Excluding energy, PEI’s CPI increased 3.7 percent year-over-year. The year-over-year increase in the All-items excluding energy index for Canada was 3.1 percent.
December 2025 CPI All-Items and All-Items Excluding Energy, Year-Over-Year Change, Canada and Provinces
NATIONAL
Nationally, the All-Items CPI rose 2.4 percent on a year-over-year basis in December, up from a 2.2 percent increase in November. Food purchased from restaurants (8.5%) was the largest contributor to upward pressure on headline inflation, as well as alcoholic beverages served in licensed establishments (6.5%) and alcoholic beverages purchased from stores (5.6%). These were all affected by the GST/HST exemption in December 2024. Food purchased from stores rose 5.0 percent year-over-year in December, with coffee (30.8%) and fresh or frozen beef (16.8%) as the largest contributors to the increase.
Gasoline prices declined 13.8 percent in December, following a 7.8 percent decline in November. Crude oil prices have declined to their lowest point in over four years, amid a continued oversupply in global markets, among other factors.
On a monthly basis, national CPI was down 0.2 percent in December, following a 0.1 percent increase in November.
For more information on the December 2025 CPI, as well as links to data tables, please refer to Statistics Canada’s release for the Consumer Price Index, December 2025.
Consumer Price Index, Annual 2025
The change in the All-Items Consumer Price Index annual average for P.E.I. in 2025 was 1.4 percent as compared to 2024, down from a 1.8 percent increase in 2024. Along with Newfoundland and Labrador, which also saw a 1.4 percent increase, this was the lowest annual increase among provinces.
Increases occurred in six of the eight major components, with food (3.1 percent), health and personal care (1.8 percent), and household operations (1.8 percent) seeing the largest increases. Energy prices on P.E.I. decreased by 5.8 percent over 2024, with prices for fuel oil and other fuels falling by 4.6 percent and gasoline prices falling 8.3 percent. Electricity increased by 2.6 percent in 2025, following a 4.6 percent increase in 2024.
Prices for food purchased from stores increased 3.3 percent, led by a 6.4 percent increase in prices for meat and a 4.8 percent increase for other food products and non-alcoholic beverages.
Core inflation (all items excluding energy and food) increased 1.8 percent in 2025, following a 1.9 percent increase in 2024.
Nationally, all provinces saw headline inflation increase in 2025, with 7 provinces increasing at a slower pace as compared to 2024. Quebec (2.4%), Manitoba (2.7%), and Saskatchewan (2.1%) all saw prices increase at a faster pace. Manitoba posted the largest increase in annual average CPI at 2.7 percent, followed by Quebec at 2.4 percent and Nova Scotia, British Columbia, and Saskatchewan, all at 2.1 percent. Newfoundland and Labrador and Prince Edward Island saw the lowest increases, both at 1.4 percent.
The annual average increase for Canada was 2.1 percent, following an increase of 2.4 percent in 2024. Increases occurred in all eight major components, led by increases in food prices (3.2 percent) and shelter costs (3.0 percent). Energy decreased by 5.7 percent compared to 2024, while core inflation for Canada was 2.5 percent in 2025.
For more information on the Annual 2025 CPI, as well as links to data tables, please refer to Statistics Canada’s Consumer Price Index, Annual Review 2025.
Related downloads for this release:
Monthly Consumer Price Index Report PDF (87KB)
1 Data not published at the provincial level.
2 The special aggregate "energy" includes: "electricity", "natural gas", "fuel oil and other fuels", "gasoline", and "fuel, parts and accessories for recreational vehicles".
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 January 2026 will be released on February 16, 2026.
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