Inflation in Atlantic Canada fuelled more by oil-linked products - ARCHIVED

Gasoline and fuel oil, products whose price movements closely reflect underlying changes in the price of crude oil, have a greater influence on the Consumer Price Index (CPI) in the Atlantic Provinces compared with the rest of Canada. This paper explores how the higher basket shares for gasoline and fuel oil in Atlantic Canada help shed light on why these oil-linked products have a greater influence on the rate of inflation in this region.