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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

September 12, 2019

The US Consumer Price Index (all urban consumers, seasonally adjusted) was up 0.1 per cent in August. Year-over-year, consumer prices (unadjusted) rose 1.7 per cent. On a year-over-year basis, US inflation has slowed in recent months as energy prices continue to soften.  

Volatile energy prices account for much of the variation in US inflation.  In August, year-over-year energy prices declined 4.4 per cent. Over the same time period, inflation for all items outside food and energy was 2.4 per cent and food price inflation was 1.7 per cent. 

US inflation (year-over-year) was similar to price growth observed in Canada and Nova Scotia throughout much of 2018. 

Source: US Bureau of Labor Statistics, Statistics Canada  Table  18-10-0004-01   Consumer Price Index, monthly, not seasonally adjusted

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