Consumer Price Index, November, 2015, published December 18, (2002=100)

Posted by on Jan 4, 2016 in Featured | Comments Off on Consumer Price Index, November, 2015, published December 18, (2002=100)

The Consumer Price Index rose by 1.4% in November compared with November 2014, after an annualized increase of 1.0% in October.     

The CPI in November for goods was up 0.9% from a year earlier while the CPI for services rose 1.8%.

Gasoline prices decreased 10.6% from November 2014, after falling 17.1% in October.  Overall, energy prices fell 6.4% between November 2014 and November 2015, following a 10.4%  annualized rate of decrease in October.  Excluding energy, the annualized Consumer Price Index rose 2.0% in November, unchanged from October.

Food prices rose 3.4%  in the 12 months to November, after the 4.1% rate of annualized increase posted in October.  The cost of  food purchased from stores in the 12 months to November grew by 3.7%, down from a 4.6% increase in October.  While prices for fresh vegetables and meat contributed the most to the gain, they increased less year-over-year in November than October.  Prices for food purchased from restaurants advanced 2.8% on a year-over-year basis, following a 2.7% increase in October.

Costs associated with shelter rose 1.2% in November over November 2014 after gaining 1.1% in October.

Consumers paid 1.4% more for household operations, furnishings and equipment in November compared to November 2014, following the 1.1% year-over-year increase recorded in October.

Transportation prices fell 1.1% in the 12 months to November 2015, following a 3.2% decrease in October.  This year-over-year decrease was mainly due to consumers paying  less for gasoline than they did in October.  The purchase of passenger vehicles index was up 1.9% year-over-year in November after increasing 1.6% the previous month.

In the 12 months to November 2015, consumer prices rose in all ten provinces.  The CPI grew the most in Saskatchewan  (+2.1%), followed by Alberta, (+2.0%) and Manitoba (+1.8%).  Ontario posted a 1.3% year-over-year gain while Quebec reported a 0.9% annualized increase.  The  lowest annualized increase occurred in Prince Edward Island (+0.2%).