Saskatchewan and Alberta had the lowest increase at 8.4%.Ĭompared to the previous month, food prices in Nova Scotia were up 1.3%, more than the national average of 0.9%.Ĭanadians paid 9.9% more for food purchased from stores when compared to July 2021 - more than the 9.4% increase recorded in June. All provinces recorded year-over-year increase in food prices led by Prince Edward Island (+10.6%). Nationally, food prices were also up 9.2% from a year earlier.

The CPI for food in Nova Scotia increased 9.9% year-over-year in July 2022. Newfoundland and Labrador had the smallest increase at 3.6%.įor Canada, prices for travel and gathering services increased during busy travel season. Consumer prices excluding food and energy were up in all provinces led by British Columbia (+6.9%). Nova Scotia’s consumer price inflation (year-over-year) excluding food and energy increased 5.0% in July 2022. Compared to the previous month, all provinces except British Columbia had slower year-over-year inflation. Inflation was highest in Prince Edward Island (+9.5%) while Quebec (+7.3%) had the lowest. Nationally, consumer prices also decelerated from 8.1% last month to being 7.6% higher than July 2021. Nova Scotia’s All-Items Consumer Price Index (CPI) increased 8.7% year-over-year in July 2022, down from the 9.3% year-over-year increase in June. Source: Eurostat ANALYSIS OF NOVA SCOTIA'S CONSUMER PRICE INDEX FOR JULY 2022 The fastest inflation was reported in Estonia (+23.2%), Latvia (+21.3%), and Lithuania (+20.9%) and the lowest inflation rates were in Malta and France (both +6.8%).įood price inflation increased to 13.2% in the European Union and to 11.8% in the Euro Area.Įnergy inflation slowed to 38.3% in the European Union and 39.6% in the Euro Area.Įxcluding the impacts of energy, food, alcohol and tobacco prices inflation increased to 4.9% in the European Union and 4.0% in the Euro Area in July. The inflation rate moved up to 9.8% in the European Union in July 2022 and was up 8.9% in the Euro Area in July 2022. Consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation.įor the latest information and historical data, please contact the individual listed below:Įmail: view previous releases, select one from the dropdown box:Ĭurrently displaying information released on: August, 2022ĮU AND EURO AREA CONSUMER PRICE INDEX, JULY 2022

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

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