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| Car Sales | CPI | Investment | Labour Markets | Oil Production | Population | Retail Sales | [back to main] |
| Consumer Inflation Averaged 2.4% in First Half of 2008 | |||||||||||||||||||||||||||
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Consumers paid 2.4% more for goods and services in the first half of 2008 than in the same period of 2007. The increase in prices was mainly due to a notable price increase recorded in the shelter category, up 7.2% over first six months of 2007. Much of this increase is due to a significant increase in the price for fuel oil, up 31.2% over the January to June 2007 period. Overall, energy prices increased by 11.4% in the first half of 2008. The “energy” index includes “electricity”, “natural gas”, “fuel oil”, “gasoline”, and “fuel, parts and supplies for recreational vehicles”. Price declines were recorded in two categories – clothing and footwear, and, household operations and furnishings. Nationally, inflation was slightly lower than the province, with growth in the CPI averaging 2.1% in the January to June period. The Department of Finance’s April 2008 forecast expects inflation to average 2.0% in 2008. More information on the Bank of Canada and its monitoring of inflation. More on the Consumer Price Index and to access the Inflation Calculator
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