Consumer Price Index, July, 2015, published August 21, (2002=100)

Posted by on Aug 28, 2015 in Featured | Comments Off on Consumer Price Index, July, 2015, published August 21, (2002=100)

The Consumer Price Index rose by 1.3% in July compared with July 2014, after increasing 1.0% in June.     

The CPI in July for goods was up 0.7% from a year earlier while the CPI for services rose 1.9%.

Gasoline prices decreased 12.2% from July 2014, after falling 14.1% in June.  Overall, energy prices fell 7.4% between July 2014 and July 2015, following a 9.0%  annualized rate of decrease in June  Excluding energy, the annualized Consumer Price Index rose 2.2% in July, up  from 2.1% in June.

Food prices rose 3.2%  in the 12 months to July, after a  3.4% rate of annualized increase was posted in June.  The cost of  food purchased from stores in the 12 months to July grew by 3.5%, down from a 3.6% increase in June.  Prices for meat (+6.1%) contributed the most to the June increase.   Prices for food purchased from restaurants advanced 2.7% on a year-over-year basis, unchanged from June.

Costs associated with shelter rose 0.9% in July over July 2014 after increasing 1.0% in June.

Consumers paid 3.3% more for household operations, furnishings and equipment in July compared to July 2014, up from the 3.1% rate of increase recorded in June.

Transportation prices fell 1.7% in the 12 months to July 2015, following a 2.6% decrease in June.  This smaller year-over-year decrease was mainly due to gasoline prices, which fell less in the 12 months to July than they did in the previous month.  However, consumers paid 2.5% more on a year-over-year basis for the purchase of passenger vehicles, after an increase of 2.0% in June.

In the 12 months to July 2015, consumer prices rose in nine provinces.  The CPI grew the most in Saskatchewan (+1.9%) , followed by Ontario (+1.5%).  Quebec recorded a 1.3% annualized increase.  The  only decline occurred in Prince Edward Island (-0.1%).