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Consumer Price Index
The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. Since the basket contains goods and services of unchanging or equivalent quantity and quality, the index reflects only pure price change.

The CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, the CPI is useful to virtually all Canadians. Consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation.
For the latest information and historical data, please contact the individual listed below:

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


To view previous releases, select one from the dropdown box:

Currently displaying information released on: August, 2019

EU AND EURO AREA CONSUMER PRICE INFLATION, JULY 2019

            

 

In July, the year-over-year inflation rate declined to 1.4 per cent in the European Union and to 1.0 per cent in the Euro Area.  

Among member states, the fastest year-over-year inflation was reported in Romania and Hungary, while the lowest inflation was reported in Portugal, Cyprus, and Italy.

In July 2019 food price inflation rose to 2.7 per cent (year-over-year) in the European Union and to 1.8 per cent in the Euro Area.

Energy inflation fell to 0.5 per cent year-over-year in the European Union, and to 0.5 per cent in the Euro Area.

Excluding the impacts of volatile energy, food, alcohol and tobacco prices, year-over-year inflation has been more subdued in Europe. In July 2019, the CPI excluding food, energy, alcohol and tobacco rose to 1.0 per cent for the European Union and to 0.9 per cent for the Euro Area. 

Note, Methodological changes was made to data starting in 2015, so the year-over-year inflation rates calculated between 2015 and 2014 are based on different methodologies for the HICP.

Source: Eurostat-News Release

Statistics Canada.  Table  18-10-0004-01   Consumer Price Index, monthly, not seasonally adjusted