Consumer Price Index, November, 2013, published December 20, (2002=100)

Posted by on Jan 13, 2014 in Featured | 0 comments

The Consumer Price Index rose by 0.9% in November compared with November 2012,  following a 0.7% increase in October.   

The CPI for goods increased by 0.4% in the 12 months to November while the CPI for services was up 1.5% over the same period.

Gasoline prices increased 0.4% from November 2012, after falling 4.3% in October.  Overall, energy prices grew 2.3% between November 2012 and November 2013, following a 1.6% decrease in October.  Excluding energy, the Consumer Price Index rose 0.8% in November, after growing by 0.9% in October.

Food prices rose 1.1% in the 12 months to November, following a 0.9% increase in October.  The cost of  food purchased from stores in the 12 months to November rose 1.1%.  Price increases for fresh vegetables (+12.1% ) and meat (+1.9%)  were primarily responsible for the increase.  Prices for food purchased from restaurants advanced 1.2% on a year-over-year basis , after growing 1.4% in October.

Costs associated with shelter rose 1.8% in November over November 2012, after
increasing 1.3% in October.  In addition to paying more for electricity, natural gas and fuel oil, consumers paid 1.7% more for rent and 1.5% more for homeowners  replacement cost.  In contrast, mortgage interest costs declined by 2.1%  in the 12 months to November after falling  2.6% in the previous month.

Consumers paid 1.8% more for household operations, furnishings and equipment in November compared to November 2012 up from the annualized gain of 1.1% recorded in October.

Transportation prices gained 0.5% in the 12 months to November 2013, following a 0.1% decrease in October.  Consumers paid more for gasoline in the 12 months to November.  They also paid 0.4% more for the purchase of passenger vehicles, after paying 1.7%  more in October.

In the 12 months to November 2013, consumer prices rose in nine provinces.  The CPI grew the most in Prince Edward Island over November 2012, (+2.6%) followed by Manitoba  (+2.4%).  The CPI in British Columbia was down 0.2% from November 2012.  The CPI in Ontario was up 1.1% and in Quebec it increased 0.6% over November 2012.