Government of Nova Scotia, Canada
Daily Stats
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Thomas StorringDirector, Economics and Statistics
Tel: 902-424-2410Email: Thomas.Storring@novascotia.ca

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April 21, 2021
CONSUMER PRICE INDEX, MARCH 2021

YEAR-OVER-YEAR (Mar 2021 vs Mar 2020)

All items (index 2002=100)

Consumer prices in Nova Scotia increased 2.8% year-over-year in March 2021. This was over the national average of a 2.2% increase. In Halifax, consumer prices were up 2.6% in March 2021.            &n...

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April 21, 2021
ANALYSIS OF NOVA SCOTIA'S CONSUMER PRICE INDEX FOR MARCH 2021

TRENDS – March 2021

Nova Scotia’s All-Items Consumer Price Index (CPI) increased 2.8% year-over-year in March 2021. Nationally, consumer prices were up 2.2% from a year earlier.

Compared to February 2021, monthly consumer prices increased 0.7% in Nova Scotia and 0.5% in Canada.

National year-over-year CPI growth increased from 1.1% in February to 2.2% in March. A large portion of the increase was attributable to the steep declines the previ...

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April 21, 2021
BANK OF CANADA MONETARY POLICY

The Bank of Canada will hold rates at the effective lower bound with the overnight target rate at 0.25%, the Bank Rate at 0.50% and the deposit rate at 0.25%. Reflecting the progress made in economic recovery, the Bank is adjusting its quantitative easing program with the weekly net purchases of Government of Canada bonds lowered to a target of $3 billion effective April 26, 2021, from the previous target $4 billion.

Economic activity has been stronger than anticipated in recent month...

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April 21, 2021
BRITISH COLUMBIA BUDGET 2021-22

British Columbia has tabled its 2021-22 Budget, with a deficit estimates at $9.698 billion (3.1% of GDP), up from $8.144 billion (2.1% of GDP) estimated for the 2020-21 fiscal year.  For 2021-22, the British Columbia government includes $3.25 billion in pandemic and recovery contingencies as well as a $1 billion forecast allowance.  In the 2020-21 results, there was a $7.51 billion pandemic and recovery contingency.  After 2021-22, the British Columbia Budget plan shows narrowi...

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April 21, 2021
UK CONSUMER PRICE INDEX, MARCH 2021

The UK Office for National Statistics (ONS) reported that for March 2021, the UK Consumer Price Index including owner-occupiers' housing costs (CPIH) rose by 1.0% compared to March 2020, up from the 0.7% year-over-year increase recorded last month.

Higher prices for transport and clothing had the largest upward contributions to the change in the 12 month inflatio ...

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