Statistics Canada
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December 2007
Archived Content
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Highlights
- Consumer prices increased 2.4% between December 2006 and December 2007, a slight deceleration from the 12-month change of 2.5% in November. Again this month, higher gasoline prices and mortgage interest costs were the main factors driving the increase.
Note to readers
A preview on the upcoming changes in the Consumer Price Index program
Statistics Canada makes every effort to maintain and improve the quality of the Consumer Price Index (CPI) with the goal of facilitating the analysis of inflation, providing relevant and timely information to the public and, enhancing the reliability of consumer price measures.
Concepts and methods underlying the CPI conform to best international practices. They are regularly reviewed and updated to ensure that they accurately reflect changes in the economic environment, technology and consumer behaviour.
Data sources are also subject to the same kind of review. For example, the CPI basket of goods and services was updated recently to reflect changes in consumer preferences.
In this context, Statistics Canada is announcing plans to enhance several components of the CPI program over the next two years, including home insurance, airfares, Internet service provision, tuition fees, school textbooks, housing, etc. These reviews will be announced and implemented as they occur over the next couple of years.
For more information, contact Client Services (toll-free 1-866-230-2248; 613-951-9606; fax 613-951-1539; prices-prix@statcan.gc.ca), Prices Division.
