|
Consumer Price Index (2002=100) April 2013 |
|
|
Nova Scotia |
Canada |
|
CPI by Component |
Apr'13 Index |
% Change from Mar'13 |
%Change from Apr'12 |
Apr'13 Index |
% Change from Mar'13 |
%Change from Apr'12 |
|
All-Items |
126.8 |
0.1 |
0.6 |
122.7 |
-0.2 |
0.4 |
|
Food |
140.0 |
0.9 |
2.0 |
132.1 |
-0.2 |
0.5 |
|
Shelter |
137.8 |
-0.4 |
1.8 |
128.2 |
0.2 |
1.3 |
|
Household Operations & Furnishings |
115.3 |
-0.1 |
3.1 |
114.3 |
-0.3 |
1.5 |
|
Clothing & Footwear |
99.7 |
3.0 |
2.2 |
94.7 |
-0.6 |
-0.6 |
|
Transportation |
124.1 |
-1.2 |
-3.6 |
128.6 |
-0.7 |
-2.1 |
|
Health & Personal Care |
116.8 |
1.0 |
0.7 |
118.6 |
0.3 |
-0.3 |
|
Recreation, Education & Reading |
106.9 |
-0.2 |
-1.2 |
105.2 |
0.0 |
-0.2 |
Alcoholic Beverages &
Tobacco Products |
167.0 |
1.5 |
1.7 |
140.1 |
0.2 |
1.7 |
|
Energy |
176.0 |
-2.9 |
-3.8 |
158.0 |
-1.2 |
-1.9 |
|
All-items excluding Energy |
121.3 |
0.4 |
1.2 |
119.9 |
-0.1 |
0.7 |
|
All-items excluding Food & Energy |
116.9 |
0.3 |
0.9 |
117.2 |
0.0 |
0.5 |
Nova Scotia’s consumer price index (CPI) rose 0.1 per cent in April compared to March 2013. National CPI decreased 0.2 per cent month to month. Halifax’s CPI rose 0.1 per cent from March.
Nova Scotia’s CPI increased 0.6 per cent over April 2012. National CPI increased 0.4 per cent. Halifax’s CPI increased 0.5 per cent.
After excluding food and energy, the Nova Scotia CPI increased 0.9 per cent in April, above the national average of 0.5 per cent on a year over year basis. Excluding food and energy, PEI (2.0 per cent) and Manitoba (1.7 per cent) had the highest price increase in the country on a year over year basis. The smallest price increase in April (compared to a year earlier) was in BC at 0.3 per cent.
Canada’s core CPI (which excludes volatile commodity prices) increased 1.1 per cent compared to April 2012.
Main contributors to monthly (April 2013 vs. March 2013) NS CPI movement:
- Fresh or frozen chicken (+9.0%)
- Non alcoholic beverages (+5.9%)
- Gasoline (-4.8%)
- Fresh or frozen pork (-13.0%)
Main contributors to annual (April 2013 vs. April 2012) NS CPI movement:
- Homeowner's home and mortgage insurance (+17.7%)
- Homeowner's maintenance and repairs (+3.0%)
- Purchase and operation of recreational vehicles (-4.9%)
- Gasoline (-9.3%)
Analysis of Nova Scotia's Consumer Price Index for March 2013
At 0.6 per cent year over year, Nova Scotia's consumer price index was above the national average of 0.4 per cent from April 2012 to April 2013. Within Atlantic Canada, Nova Scotia posted the second lowest year over year CPI increase (New Brunswick increased 0.8 per cent), with Newfoundland and Labrador (both 0.6%). PEI showed a general price increase of 1.8 per cent, year over year. West of the Maritimes, the highest inflation year over year was once again in Manitoba (1.8 per cent).
Nova Scotia’s CPI excluding food and energy rose 0.9 per cent, 4th highest in the country, and above the national average of 0.5 per cent on a year over year basis. Prices in BC once again rose the least, at -0.8%. PEI had the highest CPI excluding food and energy, at 2.0% year over year.
The CPI growth for food (year over year) in Nova Scotia was 2.0%, while it was -3.8% for energy (see the following two charts).
This month's CPI reflected lower gasoline prices, dampening the effects on the energy index. Gasoline prices dipped 4.8% monthly and 9.3% on a year over year basis.
Long Run Trends
The recent year over year trend in the All-Items Consumer Price Index for Nova Scotia shows both the national and the provincial indices rising this month. While month to month movements in the indices can be different, over time they continue to follow the same overall trend.
Removing the more volatile (for Nova Scotia) food and energy prices, the two indices trend similarly over time.
SUMMARY TABLES
|
Annual changes in All Items Consumer Price Index, Nova Scotia |
|
|
|
2009 |
2010 |
2011 |
2012 |
2013 |
|
CPI All-Items |
2002=100 |
|
January |
113.4 |
116.9 |
120.4 |
123.7 |
125.4 |
|
February |
114.3 |
116.9 |
120.9 |
124.3 |
126.7 |
|
March |
114.5 |
117.7 |
122.3 |
125.3 |
126.7 |
|
April |
115.0 |
117.9 |
122.9 |
126.1 |
126.8 |
|
May |
115.8 |
117.8 |
123.2 |
125.6 |
|
|
June |
116.5 |
117.3 |
122.5 |
124.8 |
|
|
July |
116.6 |
118.6 |
122.8 |
124.5 |
|
|
August |
116.7 |
118.7 |
123.2 |
125.0 |
|
|
September |
116.7 |
118.8 |
123.8 |
125.7 |
|
|
October |
115.9 |
119.3 |
123.9 |
125.6 |
|
|
November |
117.0 |
119.6 |
124.0 |
125.5 |
|
|
December |
116.3 |
119.4 |
122.7 |
124.9 |
|
|
Annual Average |
115.7 |
118.2 |
122.7 |
125.1 |
126.4 |
|
|
change from same month, previous year |
|
|
CPI All-Items |
2009 |
2010 |
2011 |
2012 |
2013 |
|
January |
-0.1% |
3.1% |
3.0% |
2.7% |
1.4% |
|
February |
0.4% |
2.3% |
3.4% |
2.8% |
1.9% |
|
March |
0.0% |
2.8% |
3.9% |
2.5% |
1.1% |
|
April |
-0.4% |
2.5% |
4.2% |
2.6% |
0.6% |
|
May |
-1.1% |
1.7% |
4.6% |
1.9% |
|
|
June |
-1.1% |
0.7% |
4.4% |
1.9% |
|
|
July |
-1.0% |
1.7% |
3.5% |
1.4% |
|
|
August |
-0.8% |
1.7% |
3.8% |
1.5% |
|
|
September |
-0.8% |
1.8% |
4.2% |
1.5% |
|
|
October |
-0.4% |
2.9% |
3.9% |
1.4% |
|
|
November |
1.7% |
2.2% |
3.7% |
1.2% |
|
|
December |
2.6% |
2.7% |
2.8% |
1.8% |
|
|
Annual Average Growth * |
-0.2% |
2.2% |
3.8% |
2.0% |
|
|
*Statistics Canada Calculation |
|
|
|
|
|
Annual changes in All Items Excluding Food and Energy Consumer Price Index, Nova Scotia |
|
|
2009 |
2010 |
2011 |
2012 |
2013 |
|
|
2002=100 |
|
January |
108.8 |
110.7 |
113.0 |
113.9 |
115.7 |
|
February |
109.4 |
111.1 |
113.1 |
114.3 |
116.1 |
|
March |
109.7 |
111.7 |
113.9 |
115.1 |
116.6 |
|
April |
110.1 |
112.1 |
113.9 |
115.8 |
116.9 |
|
May |
110.2 |
111.9 |
114.4 |
115.9 |
|
|
June |
110.6 |
111.7 |
113.5 |
115.4 |
|
|
July |
111.0 |
112.8 |
113.8 |
114.9 |
|
|
August |
111.0 |
112.8 |
114.2 |
115.1 |
|
|
September |
111.1 |
113.4 |
115.3 |
115.7 |
|
|
October |
111.1 |
113.3 |
115.3 |
115.9 |
|
|
November |
111.4 |
113.5 |
115.3 |
116.1 |
|
|
December |
110.8 |
113.0 |
113.9 |
115.8 |
|
|
Annual Average |
110.4 |
112.3 |
114.1 |
115.3 |
116.3 |
|
|
change from same month, previous year |
|
|
CPI All-Items |
2009 |
2010 |
2011 |
2012 |
2013 |
|
January |
0.6% |
1.7% |
2.1% |
0.8% |
1.6% |
|
February |
0.6% |
1.6% |
1.8% |
1.1% |
1.6% |
|
March |
0.5% |
1.8% |
2.0% |
1.1% |
1.3% |
|
April |
0.8% |
1.8% |
1.6% |
1.7% |
0.9% |
|
May |
0.5% |
1.5% |
2.2% |
1.3% |
|
|
June |
0.7% |
1.0% |
1.6% |
1.7% |
|
|
July |
1.5% |
1.6% |
0.9% |
1.0% |
|
|
August |
0.9% |
1.6% |
1.2% |
0.8% |
|
|
September |
1.4% |
2.1% |
1.7% |
0.3% |
|
|
October |
1.3% |
2.0% |
1.8% |
0.5% |
|
|
November |
1.0% |
1.9% |
1.6% |
0.7% |
|
|
December |
1.4% |
2.0% |
0.8% |
1.7% |
|
|
Annual Average Growth * |
0.9% |
1.7% |
1.6% |
1.1% |
|
|
*Statistics Canada Calculation |
|
|
|
|
Data Source: Statistics Canada "Consumer Price Index". CANSIM Table 326-0020
This monthly publication reports the Consumer Price Index (CPI) and its major components for Nova Scotia. It highlights the current month CPI, comparing it to previous month and same month one year ago. It also includes annual averages of the CPI. This month, the CPI report features additional analysis of Nova Scotia's Consumer Price Index results.
CPI for May 2013 will be released June 21st
Contact: Mike Milloy, milloymz@gov.ns.ca (902-424-8800)
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