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September 19, 2014
CONSUMER PRICE INDEX AUGUST 2014



NOVA SCOTIA
In Nova Scotia August 2014, the consumer price index (2002=100) increased 0.1% from July 2014 to 129.0 and increased 1.9% over August 2013.

The CPI, excluding food and energy, increased 0.5% from July 2014 to 118.7, and increased 2.0% over August 2013.

CANADA
In Canada August 2014, the consumer price index (2002=100) remained unchanged from July 2014 at 125.7 and increased 2.1% over August 2013.

Core CPI increased 0.5% from July 2014 to 123.7 and increased 2.1% over August 2013. The CPI, excluding food and energy, increased 0.4% from July 2014 to 119.4, and increased 2.0% over August 2013.

HALIFAX
In Halifax August 2014, the consumer price index (2002=100) increased 0.2% from July 2014 to 127.7 and increased 2.0% over August 2013.

Statistics Canada Cat. No. 62-001, CANSIM 326-0020
http://www40.statcan.gc.ca/l01/cst01/cpis02a-eng.htm


September 19, 2014
ANALYSIS OF NOVA SCOTIA'S CONSUMER PRICE INDEX FOR AUGUST 2014

At 1.9 per cent year over year, Nova Scotia's consumer price index was below the national average of 2.1 per cent from August 2013 to August 2014. Within Atlantic Canada, Newfoundland and Labrador posted the highest year over year CPI increase (+2.5%). New Brunswick's CPI increased 1.5 per cent and PEI posted an increase of 1.2 per cent. West of Atlantic Canada, the highest inflation year over year was in Saskatchewan at 2.7 per cent.
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September 19, 2014
WHOLESALE TRADE, JULY 2014

In July 2014, Nova Scotia's wholesale sales (seasonally adjusted) increased 2.0% from June 2014 to $757.9 million, and increased 8.2% from July 2013. The wholesale merchants' sales index (Jan 2011=100) increased 2.3 points to 118.0 in July 2014. In July 2014 Canadian wholesale sales (seasonally adjusted) decreased 0.3% from June 2014 to $52.9 billion, and increased 6.1% from July 2013. The wholesale merchants' sale index (Jan2011=100) decreased 0.4 points to 113.8.
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September 19, 2014
EU CURRENT ACCOUNT, Q2 2014

According to a first estimate released by Eurostat, the European Union (EU28) current account registered a seasonally adjusted surplus of 12.0 billion euro (0.4% of GDP) in the second quarter of 2014. This compares with a surplus of 25.2 billion euro in the first quarter of 2014 and a 47.5 billion euro surplus in the second quarter of 2013. There were deficits in three components: balance of trade in goods(-1.5 billion euro ), balance of income (-11.9 billion euro), and current transfers (-22.3 billion euro) that were offset with surplus in the balance of trade in services (47.6 billion euro).
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September 18, 2014
EMPLOYMENT INSURANCE JULY 2014

In July 2014, the number (seasonally adjusted) of Nova Scotians receiving regular Employment Insurance (EI) benefits decreased by 540 persons (-2.1%) from the previous month to 25,080, and declined by 1,940 persons (-7.2%) over July 2013. In July 2014, the number (seasonally adjusted) of Canadians receiving regular EI benefits fell by 3,770 persons (-0.7%) from the previous month to 499,330 and declined by 14,890 persons (-2.9%) over July 2013.
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Recent PublicationsLabour Market Monthly
Consumer Price Index
Nova Scotia Economic Indicators - August 2013
Current Economic Environment
Indicators of Prosperity - 2012

Statistics at a Glance(Mouse over items for details)
Building Permits +20.9%
Consumer Price Index +2.0%
CPI (Annual) +1.2%
Debt: GDP 34.8%
Deficit/Surplus: GDP D: 0.5%
Employment Growth 0.0%
Employment Level 447.0
Exports (Domestic) +2.8%
GDP (millions, 2012) 38397
GDP Growth (2012) -0.1%
Income (per capita) $33,934
Manufacturing Shipments 5.3%
Non-res. Investment -6.2%
Population July 1, 2013 940,789
Res. Investment -17.6%
Retail sales +2.0%
Unemployment Rate 8.7%
Wholesale Trade -1.4%

Orange ClockFor More Information

Thomas Storring
Director of Economics/Statistics
Tel: 902-424-2410
Email: storrith@gov.ns.ca