Prince Edward Island saw higher prices in 2013

Ryan Ross
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In Prince Edward Island, consumer prices increased 3.0% in the 12 months to December 2013, following a 2.6% rise in November. Of all the provinces, Prince Edward Island recorded the largest year-over-year increase in gasoline prices (+8.5%) and in homeowner's replacement cost (+9.5%).

Money didn’t go as far in P.E.I. last year thanks to a three per cent increase in the consumer price index.

That’s the biggest percentage change of all the provinces and territories, due in part to a jump in gasoline prices, according to Statistics Canada.

Finance Minister Wes Sheridan said HST has contributed to the increase, but only for one year as businesses adjust to the new tax.

“You will see that disappear in the next year,” he said.

The consumer price index (CPI) is determined by comparing the cost of different goods over a period of time.

Sheridan said the increase is a sign the province is doing OK and the other provinces with higher inflation rates are the ones that have economies that are doing well, such as Newfoundland and Labrador and Alberta.

“These are all doing well and it is a reflection of that as well,” he said.

While the overall CPI changed by three per cent, gasoline prices increased by 8.5 per cent, which was the highest increase in the country, followed by Manitoba and British Columbia.

Sheridan said the increase in gas prices wasn’t just because of the HST.

“Everybody’s gas price is up,” he said.

While he said HST contributed to the CPI increase in P.E.I., other provinces saw increases as well without raising taxes.

“I expect we’ll be bang on with our neighbours in the next fiscal (year),” he said.

Opposition Leader Steven Myers said it wasn’t surprising to see the CPI increase because of the HST.

“That’s probably part of the cause,” he said.

Myers said he didn’t think there were many Islanders who would be surprised to hear things costs more.

“Items in Prince Edward Island have become very expensive.”

With gas prices higher, Myers said it’s not surprising either and Islanders can see the HST amount on their receipt every time they go to the pumps.

“That’s a major burden on the taxpayers of Prince Edward Island,” he said.

Organizations: Statistics Canada

Geographic location: Prince Edward Island, Newfoundland and Labrador, Alberta Manitoba

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Recent comments

  • Bob
    February 13, 2014 - 15:12

    I have always wondered from afar why it is that Gas is SO very much higher on the Island than MOST of the country. I lived in Summerside years ago and now reside in Winnipeg where gas is 110.9 right now. We don't have HST here but our prices are not moving up anywhere as fast as yours.

  • Sean
    February 12, 2014 - 16:27

    Cost of living goes up, wages do not. This is the story of PEI, and this is EXACTLY the reason behind the big mystery of why Islanders are picking up and moving to Alberta. I'm one of them, and I promise you the cost of living in Alberta is less if a person wants to work hard.

  • Thoughts of Leaving
    February 11, 2014 - 13:22

    I never thought I would see the day that I would even think about leaving PEI but the way this province has been run in recent years has me considering it. It's not that I can't afford to live here but I can't watch Ghiz and Wes ruin this beautiful place with their poor judgement.

    February 11, 2014 - 09:11

    Started to write this earlier but was mysteriously cut of. You would almost think this gang has their own checks on the articles, but that couldn't happen COULD IT. Next time you get gas check your receipt. Before the HST came in Ultramar gas receipts had three columns on the receipts for taxes. FEDERAL EXCISE TAX 10 cents per litre, PROVINCIAL FUEL TAX 13 cents per litre, and GST 14.5 per cents of the total including taxing the other two taxes. NOW receipt show the total tax on the purchase as 14 per cent HST. I asked at the garage why the other two taxes were not on the receipts anymore and was not given an answer. Is Wes the Rat trying to make people think that the HST deleted those other two taxes. Think again. Taxes on a litre of gas in PEI are 43 cents. That's why gas is so much higher in PEI. Don't know if this comment will get past the WALL.

  • Liberal dong
    February 11, 2014 - 08:47

    Our province being the smallest in the country if this island had a decent government those numbers should all be reversed,it's no wonder why our youth with work experience is moving off this shafted to death island,the government will have to glut the island with immigrants to make up for the lost population of our young, there should be a way of overthrowing this regime it is done in other countries why not here,what's the price of fuel going to be this weekend I can just imagine the excuse IRAC will come up with,what a joke is what they are.

  • david smith
    February 11, 2014 - 08:20

    That's interesting comparing us to sound economies like Newfoundland and Alberta. They have wage increases to match the cost of living uptick. Our wages have been stagnant, so the increase in cost of living affects us much more than any other province. This is truly BAD news for the province as the exodus continues.

  • Not Done
    February 11, 2014 - 07:35

    Well's only just started....the 3% CPI increase will be added to property tax and to all government services in 2014. As I said, they are not done yet!

    • therod
      February 11, 2014 - 08:07

      Don't be so dramatic. A 3% increase in CPI means about half of one tenth of a percentage point increase in CPI itself. As far as your taxes go the only diffence between last years CPI rate and this years as far as an increase goes would be attributed to rounding.

    • To therod
      February 11, 2014 - 13:59

      To therod: You must be a Lieberal who has received a patronage job on some PNP units to support Wes, Robbie and his inept government!!!!

    • NotDone
      February 11, 2014 - 15:27

      Well THEROD.....when I see my new property tax bill in April we'll soon see if it is "just rounding off."

  • don
    February 11, 2014 - 07:30

    Sheridan said the increase in gas prices wasn’t just because of the HST. “Everybody’s gas price is up,” he said. Bull we have seen gas go down off island and have ours go UP. And wes if you think islanders believe anything you say then please have scan to see where and when you can get a HEART. Plus thank to you the building of new homes will be down thanks to your greed of tax money you were told that adding HST to building items it would hurt them but you said no it would not well guess smarty you are wrong again.

    • HEART
      February 11, 2014 - 15:40

      don, didn't mama tell you "if you don't have something good to say about someone, then say nothing" ?

    • At Heart
      February 11, 2014 - 18:12

      You must be a liberal on the take , my mamma taught me to speak up when BS & Lies were being flung around so freely . Or on second thought , start using your head for more than holding your ears apart . Spout on don , the truth only hurts the guilty .

  • No liberal here
    February 11, 2014 - 07:25

    With the difference in cost to live here than other provinces is significant,there is no wonder the you are moving on to other provinces I cannot remember a time when a government would throw us into such hard times,I would not want to be a politician knocking on doors for votes,I'm thinking there could be some assaults happening, No politicians are to come to my driveway sign will be posted to stay out.

  • Ghiz's GREAT government!!!!!
    February 10, 2014 - 21:06

    The highest cost of living of any province in Canada; and one whose government has increased the next debt of the province to 2 billion, with a deficit of around 80 million. This deficit was reached; despite record tax increases, such as implementing the HST, increases in unannounced user fees. Sheridan also received a record amount of transfer payments from the Feds! No wonder so many people are leaving the province!!

  • Ren
    February 10, 2014 - 20:20

    holy, Guess it's time to seriously think about moving to another province. Im freezing and can't afford to eat three meals a day. there is something wrong here. When is this going to end? no one is hiring full time employees now. guess I could try and get a seat as a MLA but the next election isn't till 2016.

  • dave anger
    February 10, 2014 - 18:25

    Its the bloody HST

  • Brian
    February 10, 2014 - 18:08

    "Sheridan said the increase in gas prices wasn’t just because of the HST" Allow me to swallow the vomit in my mouth before I start to we go. Mr Sheridan. The price of gasoline is up over 9 cents per liter as compared to the same time period as last year. The price of crude oil is roughly the same as it was a YEAR AGO. The ONLY significant difference this year is the presence of this government's greed tax imposed on every Islander. To imply HST has nothing to do with higher gas prices, is an out right lie. I cannot believe I am actually siding with Mr. Myers on this. Your math is deplorable sir. Every liter of gas is taxed beyond provincial comparison and has your hand in the pocket of every Islander who must drive to make a living. Shame on you.

    • don
      February 11, 2014 - 07:35

      brain wes numbers must be correct remember he is an ex banker and we all know bankers never make mistakes. and wes needs the money as we did not sell our children to get him the money he needed to get from the HST. so islanders be ready wes has a few tricks to get the money he needs to give to a few liberals.