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For additional information relating to this article, please contact:

Mike Milloy Planning and Development Officer
Tel: 902-424-8800Email: Mike.Milloy@novascotia.ca

November 23, 2018
CONSUMER PRICE INDEX OCTOBER 2018

 

NOVA SCOTIA

In Nova Scotia October 2018, the Consumer Price Index (index 2002=100; 2009-Basket) increased 0.8% from September 2018 to 136.6 and increased 2.9% over October 2017.  The CPI, excluding food and energy, increased 0.9% from September 2018 to 127.8 and increased 2.1% over October 2017. 

 

CANADA 

In Canada October 2018, the Consumer Price Index (index 2002=100; 2009-Basket) increased 0.3% from September 2018 to 134.1 and increased 2.4% over October 2017.  The CPI, excluding food and energy, increased 0.5% from September 2018 to 128.8 and increased 2.1% over October 2017.

In Canada October 2018, year-over-year inflation in CPI-Common was 1.9%, in CPI-Median was 2.0% and in CPI-Trim was 2.1%.

 

HALIFAX

In Halifax October 2018, the Consumer Price Index (index 2002=100; 2009-Basket) increased 0.7% from September 2018 to 135.2 and increased 2.7% over October 2017. 

 

QUOTES

"Increases in the property tax and other special charges index (priced annually in October) were larger in Newfoundland and Labrador, Prince Edward Island and Nova Scotia compared with the previous year"

"Prices for fuel oil and other fuels rose at a faster rate in Atlantic Canada in October, as colder temperatures set in."

 

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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