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Thomas StorringDirector – Economics and Statistics
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January 20, 2017
CONSUMER PRICE INDEX DECEMBER 2016



NOVA SCOTIA
In Nova Scotia December 2016, the consumer price index (2002=100) declined 0.2%s from November 2016 to 130.6 and increased 1.3% over December 2015.

The CPI, excluding food and energy, decreased 0.4% from November 2016 to 122.7, and increased 1.7% over December 2015.

CANADA
In Canada December 2016, the consumer price index (2002=100) decreased 0.2% from November 2016 to 128.4 and increased 1.5% over December 2015.

The CPI, excluding food and energy, decreased 0.4% from November 2016 to 123.5, and increased 1.8% over December 2015.

Compared with December 2015, CPI-Common rose 1.4%, CPI-Median rose 2.0%, and CPI-Trim rose 1.6%.

Statistics Canada Note: Since 2001, the Bank of Canada's main measure of core inflation has been "core" consumer price index (CPIX) inflation, which excludes eight of the most volatile components of the CPI and adjusts the remainder for the effect of changes in indirect taxes. Following a review of a wide selection of measures of core inflation in 2015, in the context of its most recent renewal of the inflation-control target, the Bank chose three preferred measures of core inflation: (i) a measure based on a trimmed mean (CPI-trim); (ii) a measure based on the weighted median (CPI-median); (iii) a measure based on the common component (CPI-common). For more information see The Daily.

 

HALIFAX
In Halifax December 2016, the consumer price index (2002=100) decreased 0.2% from November 2016 to 129.5 and increased 1.4% over December 2015.

 

Statistics Canada Quote

"12-month change in the provinces - Consumer prices rose more year over year in six provinces in December than they did in November..two provinces reported a deceleration in consumer price growth. In Nova Scotia and Quebec, the year-over-year advance in the CPI in December matched the increase in November."

Statistics Canada Cat. No. 62-001, CANSIM 326-0020 326-0023