2014 CPI and Inflation Rate for Nunavut (Iqaluit)

This table shows the Monthly All-Items Consumer Price Index (CPI-U) and Annual Inflation Rates for Nunavut in 2014. You can find upcoming CPI release dates on our schedule page. These numbers are released by Statistics Canada.

 

MonthCPIMonthly Inflation RateYearly Inflation Rate
January 2014116.7 0.4 %1.0 %
February 2014117.2 0.4 %1.2 %
March 2014117.3 0.1 %1.3 %
April 2014117.7 0.3 %1.0 %
May 2014118.10.3 %0.8 %
June 2014118.7 0.5 %1.0 %
July 2014118.9 0.2 %1.2 %
August 2014119.0 0.1 %1.3 %
September 2014118.8 -0.2 %1.1 %
October 2014118.4


-0.3 %1.5 %
November 2014118.1-0.3 %1.7 %
December 2014117.9-1.0%1.5%
Annual CPI (avg): 118.1
Annual Inflation Rate (avg): 1.3%

 

 

 

What is the relation between CPI and Inflation Rate?

The Consumer Price Index (CPI) is used to measure Inflation rates. The formula is as follows:

inflationrateformula

CPI2 = Consumer Price Index of the second period
CPI1 = Consumer Price Index of the initial period

Notice an error in these tables?

We do our best to ensure the data is accurate and up to date. However, if one of these numbers seem wrong, please contact us and we will fix it as quickly as possible. Keep in mind that we extract the Consumer Price Index and Inflation Rates on a monthly basis from Statistics Canada’s databases.