According to the Consumer Price Index (CPI), consumers in Newfoundland and Labrador paid 3.6% more for goods and services in April 2026 than in April 2025.

Prices increased in most major categories in April 2026 compared with April 2025, led by the ‘Energy’ composite index, reflecting the recent surge in crude oil prices.

• In April 2026, ‘Energy’ prices rose by 21.6% after an increase of 6.7% in March 2026, on a year-over-year basis. There was a significant increase in prices for ‘Fuel oil and other fuels’ (+49.6%) and ‘Gasoline’ (+29.6%).
  • These increases were driven by higher oil prices. The price of Brent crude oil, which averaged US$117.29 per barrel in April 2026, increased by 72.2% compared with April 2025. This increase was primarily due to the ongoing conflict in the Middle East.
  • The year-over-year price increase for gasoline in April was also influenced by the switch to the more expensive summer blend, as well as upward pressure following the removal of the consumer carbon tax on April 1, 2025. Additionally, the federal fuel excise tax was removed on April 20, 2026, slightly moderating the increase in gasoline prices.
• Prices for ‘Transportation’ increased by 7.2%, driven by higher fuel prices.
• Prices for ‘Shelter’ increased by 4.5%.
  • There was an increase in the ‘Rented accommodation’ index (+3.5%), which includes rent costs, and an increase for the ‘Owned accommodation’ index (+1.9%), which includes mortgage interest costs. While the mortgage interest cost index is not available for Newfoundland and Labrador, it declined at the national level for the first time in April 2026 (-0.1%) on a year-over-year basis since peaking at 30.9% in August 2023.
  • Shelter price changes were also impacted by higher prices for both ‘Fuel oil and other fuels’ (+49.6%) and ‘Electricity’ (+6.9%). Electricity rates in Newfoundland and Labrador increased by an average of 7.0% for residential consumers, effective July 1, 2025, as implemented by Newfoundland Power, the province’s primary electricity retailer.
• ‘Food’ price increases continued to moderate, increasing by 2.4% in April 2026 compared with April 2025, after a year-over-year increase of 3.2% in March 2026. Prices increased for both ‘Food purchased from stores’ (+3.0%) and ‘Food purchased from restaurants’ (+1.3%).
  • Price increases for food purchased from stores were largely attributable to higher prices of ‘Vegetables and vegetable preparations’ (+5.8%), ‘Other food products and non-alcoholic beverages’ (+3.9%), and ‘Fruit, fruit preparations and nuts’ (+3.8%). Prices also increased significantly for ‘Coffee and tea’ (+16.7%) and ‘Fresh or frozen meat (excluding poultry)’ (+11.7%).

The ‘All-items excluding energy’ index increased by 1.6% in April 2026 compared with April 2025.

At the national level, the CPI rose by 2.8% on a year-over-year basis in April 2026 compared with April 2025. Among provinces, the highest inflation rate was 4.3% in both Nova Scotia and Manitoba, while the lowest was recorded in Ontario (+2.4%).

On a seasonally adjusted basis, consumer prices in Canada increased by 0.3% from March to April 2026. Seasonally adjusted CPI data are not available for Newfoundland and Labrador.

The United States CPI for all urban consumers increased by 3.8% in April 2026 compared with April 2025. The seasonally adjusted series increased by 0.6% in April 2026 compared with March 2026.

On a year-to-date basis, consumers in Newfoundland and Labrador paid 2.6% more for goods and services in the January to April 2026 period compared with the same period in 2025, led by higher prices for ‘Food’ (+5.2%) and ‘Energy’ (+3.7%).

Year-Over-Year Change in CPI, Aril 2026 vs. April 2025