July 21, 2017CONSUMER PRICE INDEX JUNE 2017
NOVA SCOTIA
In Nova Scotia June 2017, the consumer price index (2002=100) increased 0.2% from May 2017 to 132.4 and increased 0.5% over June 2016.
The CPI, excluding food and energy, increased 0.2% from May 2017 to 124.4, and increased 0.9% over June 2016.
CANADA
In Canada June 2017, the consumer price index (2002=100) decreased 0.1% from May 2017 to 130.4 and increased 1.0% over June 2016.
The CPI, excluding food and energy, increased 0.1% from May 2017 to 125.6, and increased 1.4% over June 2016.
Compared with June 2016, CPI-Common rose 1.4%, CPI-Median rose 1.6%, and CPI-Trim rose 1.2%.
HALIFAX
In Halifax June 2017, the consumer price index (2002=100) increased 0.1% from May 2017 to 131.2 and increased 0.5% over June 2016.
Statistics Canada Quote:
"Consumer prices rose less on a year-over-year basis in nine provinces in June than they did in May. The 12-month increase in the CPI in Nova Scotia was unchanged from a month earlier."
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.
Statistics Canada Cat. No. 62-001, CANSIM 326-0020 326-0023