By June 2023, the Consumer Price Index had reached 158.9 in the province of Newfoundland and Labrador in Canada. This represented an increase of almost 19 points compared to June 2020.
The Consumer Price Index (CPI) is an instrument for measuring inflation. It estimates the average change in the prices of products consumed by households between two given periods and is based on the observation of a fixed basket of goods and services.
In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year.
Monthly Consumer Price Index (CPI) in Newfoundland and Labrador in Canada from June 2020 to June 2023
Characteristic
Consumer Price Index (CPI)
June 2023
158.9
May 2023
158.5
April 2023
158.3
March 2023
157
February 2023
157.4
January 2023
155.9
December 2022
154.6
November 2022
156.8
October 2022
156.4
September 2022
154.5
August 2022
155.1
July 2022
155.9
June 2022
156.2
May 2022
155.8
April 2022
153
March 2022
151.9
February 2022
149.3
January 2022
147.8
December 2021
146.3
November 2021
146.9
October 2021
146.8
September 2021
145.6
August 2021
145.8
July 2021
145.8
June 2021
144.4
May 2021
144.3
April 2021
143.5
March 2021
142.9
February 2021
142
January 2021
142.1
December 2020
140.4
November 2020
141
October 2020
140.5
September 2020
139.4
August 2020
139.1
July 2020
139.6
June 2020
139.5
Zoomable Statistic: Select the range in the chart you want to zoom in on.
Base: 2002 = 100. The year 2002 is the base year used to calculate the index value.
Adapted from Statistics Canada, statcan.gc.ca, June 2020 to June 2023. This does not constitute an endorsement by Statistics Canada of this product.
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StatCan. (July 18, 2023). Monthly Consumer Price Index (CPI) in Newfoundland and Labrador in Canada from June 2020 to June 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1321569/monthly-consumer-price-index-newfoundland-and-labrador/
StatCan. "Monthly Consumer Price Index (CPI) in Newfoundland and Labrador in Canada from June 2020 to June 2023." Chart. July 18, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1321569/monthly-consumer-price-index-newfoundland-and-labrador/
StatCan. (2023). Monthly Consumer Price Index (CPI) in Newfoundland and Labrador in Canada from June 2020 to June 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1321569/monthly-consumer-price-index-newfoundland-and-labrador/
StatCan. "Monthly Consumer Price Index (Cpi) in Newfoundland and Labrador in Canada from June 2020 to June 2023." Statista, Statista Inc., 18 Jul 2023, https://www.statista.com/statistics/1321569/monthly-consumer-price-index-newfoundland-and-labrador/
StatCan, Monthly Consumer Price Index (CPI) in Newfoundland and Labrador in Canada from June 2020 to June 2023 Statista, https://www.statista.com/statistics/1321569/monthly-consumer-price-index-newfoundland-and-labrador/ (last visited August 24, 2024)
Monthly Consumer Price Index (CPI) in Newfoundland and Labrador in Canada from June 2020 to June 2023 [Graph], StatCan, July 18, 2023. [Online]. Available: https://www.statista.com/statistics/1321569/monthly-consumer-price-index-newfoundland-and-labrador/