Retail Services Price Index, third quarter 2018
The Retail Services Price Index (RSPI) rose 1.2% in the third quarter, mainly as a result of higher margins at building material and garden equipment and supplies dealers.
Margins were up in 8 of the 10 major retail subsectors, representing 82% of the retail sector surveyed.
Building material and garden equipment and supplies dealers posted a margin increase of 3.5%. The growth was concentrated in the home centres industry (+4.9%), where retailers reported higher selling prices. Sustained demand for building materials partly contributed to higher selling prices.
Margins at electronics and appliance stores were up 7.7%, attributable to higher selling prices.
Retailers at furniture and home furnishings stores recorded a margin increase of 5.4%, as all industries in this subsector posted margin gains. Selling prices increased faster than vendor prices, resulting in higher margins.
Moderating the growth of the RSPI were lower margins at general merchandise stores (-3.3%) and miscellaneous store retailers (-1.6%).
The RSPI increased 1.4% in the third quarter compared with the same quarter in 2017. Of the 10 major retail subsectors surveyed, 4 were up, 5 were down and 1 was unchanged.
Electronics and appliance stores (+10.7%) posted the largest margin increase in the RSPI, mainly as a result of strong margin growth in the third quarter.
Margins at building material and garden equipment and supplies dealers rose 10.3%, marking 17 consecutive year-over-year increases.
Retailers at furniture and home furnishing stores (+7.2%) also registered year-over-year margin gains.
The year-over-year increase in the RSPI was mainly moderated by lower margins at general merchandise stores (-3.5%).
Note to readers
The Retail Services Price Index (RSPI) represents the change in the price of the retail service. The price of the retail service is defined as the margin price, which is the difference between the average purchase price and the average selling price of the retail product being priced. The RSPI is not a retail selling price index.
With each release, data for the previous quarter may have been revised. The series are also subject to an annual revision with the release of second quarter data of the following reference year. The indexes are not seasonally adjusted. Data are available at the Canada level only.
Statistics Canada has undertaken an important initiative for the RSPI.
With the data release of the fourth quarter of 2017, data-quality indicators have been added for indexes where quality is reduced. Many indexes that were previously suppressed are now available, beginning with the release of data for the third quarter of 2017.
Data-quality indicators are based on measures of survey precision (standard errors), estimates of market coverage (based on the RSPI sample), and the number of reported price quotes.
Index series without data-quality indicators are considered to be statistically reliable.
Infographic: The evolution of margins in the retail trade sector (2008–2017)
The infographic, "Retail Services Price Index (RSPI) 2008 to 2017," which is part of Statistics Canada — Infographics (), is now available. It demonstrates how margins in the Canadian retail trade sector have evolved from the first quarter of 2008 to the fourth quarter of 2017. 11-627-M
A Historical Timeline of Canadian Producer Price Statistics
The publication "A Historical Timeline of Canadian Producer Price Statistics," which is part of the Prices Analytical Series (), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: Who collected Canada's first statistics? What do Canadian producer price indexes measure? 62F0014M
Infographic: Producer Price Indexes at a Glance
The infographic "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy. 11-627-M
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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