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For additional information relating to this article, please contact:

Thomas Storring	Director – Economics and Statistics
Tel: 902-424-2410	Email: thomas.storring@novascotia.ca

September 21, 2018
CONSUMER PRICE INDEX AUGUST 2018

NOVA SCOTIA

In Nova Scotia August 2018, the Consumer Price Index (index 2002=100) increased 0.1% from July 2018 to 136.2 and increased 2.7% over August 2017.

The CPI, excluding food and energy,increased 0.2% from July 2018 to 127.1 and increased 2.0% over August 2017.

 

CANADA 

In Canada August 2018, the Consumer Price Index (index 2002=100) decreased 0.1% from July 2018 to 134.2 and increased 2.8% over August 2017.

The CPI, excluding food and energy,remained unchanged  from July 2018 at 128.5 and increased 2.3% over August 2017.

Compared with August 2017, CPI-Common rose 2.0%, CPI-Median rose 2.1%, and CPI-Trim rose 2.2%.

 

HALIFAX

In Halifax August 2018, the Consumer Price Index (index 2002=100) increased 0.2% from July 2018 to 134.9 and increased 2.7% over August 2017.

 

 QUOTES

 "Year-over-year increases in Nova Scotia (+2.7%) and Ontario (+3.1%) were unchanged from July."

NOTES

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.

 

REFERENCES

Statistics Canada Cat. No. 62-604,

CANSIM Tables:

18-10-0004-01 (formerly CANSIM 326-0020)

18-10-0256-01 (formerly CANSIM  326-0023)

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