Consumer Price Index (CPI) measures the rate of price change for goods and services bought by an average Canadian consumer. This indicator shows the annual rate of change (as a percentage rate) in the Edmonton Census Metropolitan Area's CPI. Inflation is defined as an upward movement in the consumer price index while deflation shows a downward trend.
This measure is an indicator and not a measure of the City's performance as the City has limited control over the labour market.
CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation.
Explanation of Performance
Inflation in the Edmonton region as measured by the CPI rose from 1.5% in October 2015 to 2.0% in November 2015 due to increased costs for rents while heating and electricity costs decreased but not enough to offset the increase in rents.
For more information on the unemployment rate see Statistics Canada’s Labour Force Information publication: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=71-001-X&ObjType=2&lang=en&limit=0.
For more information on Edmonton’s employment trends, see City of Edmonton’s Labour Force Survey reports: http://www.edmonton.ca/business_economy/economic_data/labour-force-survey.aspx.