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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

March 22, 2019
CONSUMER PRICE INDEX, FEBRUARY 2019

NOVA SCOTIA

In Nova Scotia February 2019, the Consumer Price Index (index 2002=100) increased 0.5 per cent from January 2019 to 135.7 and increased 1.0 per cent over February 2018. The CPI, excluding food and energy, increased 0.6 per cent from January 2019 to 127.6 and increased 1.5 per cent over February 2018. 

CANADA 

In Canada February 2019, the Consumer Price Index (index 2002=100) increased 0.7 per cent from January 2019 to 134.5 and increased 1.5 per cent over February 2018. The CPI, excluding food and energy, increased 0.8 per cent from January 2019 to 129.6 and increased 2.0 per cent over February 2018. 

In Canada February 2019, year-over-year inflation in CPI-Common was 1.8 per cent, CPI-Median was 1.8 per cent and CPI-Trim was 1.9 per cent.

HALIFAX

In Halifax February 2019, the Consumer Price Index (index 2002=100) increased 0.7 per cent from January 2019 to 134.5 and increased 1.1 per cent over February 2018. 

 

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,

Statistics Canada Tables:

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

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

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