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January 16, 2024CONSUMER PRICE INDEX, DECEMBER & ANNUAL 2023 
Year-over-year (December 2023 vs December 2022)
All items: Consumer prices in Nova Scotia increased 3.6%. The national average inflation was 3.4%. In Halifax consumer prices increased 4.1%.
All items excluding food and energy: Nova Scotia consumer prices outside of food and energy increased 3.2%. This was below the national average increase of 3.4%.
Month-over-month (December 2023 vs November 2023)
All items: Consumer prices in Nova Scotia were down -0.2%. Nationally, consumer prices were 0.3% lower than in the previous month. In Halifax consumer prices were down 0.2%.
All items excluding food and energy: Nova Scotia consumer prices excluding food and energy decreased 0.1% month over month in December 2023. Nationally, consumer prices outside of food and energy were 0.3% lower than in the previous month.
ANNUAL (2023 VS 2022)
Comparing the average of CPI in 2023 with the average in 2022, all-items CPI increased by 4.0% in Nova Scotia. National all-items CPI was up 3.9% in 2023. In Halifax, all-items CPI grew 4.3%.
Excluding food and energy, Nova Scotia's inflation was 4.2% in 2023, above the national inflation of 3.9%.
Source: Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted, Table 18-10-0005-01 Consumer Price Index, annual average, not seasonally adjusted
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