Statistics Canada
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The Consumer Price Index

April 2008

62-001-X


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Briefing notes

All-items Consumer Price Index:

  1. Gasoline was the main contributor to both the acceleration and the 12-month increase of the all-items index. Gasoline prices rose 11.6% between April 2007 and April 2008, compared with a 7.9% increase posted in the previous month.
  2. Another significant upward contributor to the increase in consumer prices in April was mortgage interest cost.
  3. The 12-month change in the Bank of Canada’s core index, which is used to monitor the inflation control target, rose 1.5% in April, faster than the 1.3% increase in the preceding month. Less downward pressure from passenger vehicles prices contributed to this acceleration.

Main contributors to the 12-month change of the all-item index (+1.7%):

Main upward contributors:

  1. Gasoline (+11.6%)
  2. Mortgage interest cost (+8.7%)
  3. Fuel oil and other fuels (+36.9%)
  4. Homeowner’s replacement cost (+4.6%)

Main downward contributors:

  1. Purchase and leasing of passenger vehicles (-6.6%)
  2. Fresh vegetables (-17.3%)
  3. Women’s clothing (-6.7%)
  4. Computer equipment and supplies (-14.4%)

Main contributors to the monthly change of the all-item index not seasonally adjusted (+0.8%):

Main upward contributors:

  1. Gasoline (+6.0%)
  2. Natural gas (+6.2%)
  3. Air transportation (+4.8%)
  4. Electricity (+1.6%)

Main downward contributors:

  1. Women’s clothing (-3.8%)
  2. Men’s clothing (-1.6%)
 
Annual and monthly percentage change in the most quoted indexes
  Annual percentage Monthly percentage
Percentage change April 2008 from April 2007 Percentage change March 2008 from March 2007 Percentage change April 2008 from March 2008 Percentage change March 2008 from February 2008
  percent
All-items 1.7 1.4 0.8 0.4
Core consumer price index (CPI) (Bank of Canada definition) 1.5 1.3 0.3 0.2
All-items excluding energy 1.1 1.0 0.3 0.2
Goods 0.0 -0.6 1.0 0.7
Services 3.3 3.3 0.5 0.2
 
Historical information on the main indices and the main contributors to the 12-month change
Index Historical information
All-items index 1.7% increase (after a 1.4% increase in March).  First acceleration since November 2007.
Core index 1.5% increase (compared to 1.3% growth in March).  Same growth as in February 2008.
All-items index excluding energy 1.1% increase (following a 1.0% growth in March).
Goods index Remained unchanged (after a 0.6% decline in March).
Services index 3.3% rise (an unchanged rate of growth from March).
Gasoline 11.6% increase (compared to 7.9% growth in March).
Mortgage interest cost 8.7% rise (after a 8.3% increase in March).  Sharpest rise since May 1991 (8.9%).
Fuel oil and other fuels 36.9% increase (compared to 29.6% growth in March).  Sharpest increase since September 2005 (+37.0%).
Homeowner’s replacement cost 4.6% increase (compared to a 4.8% rise in March).
Purchase and leasing of passenger vehicles 6.6% decrease (following a 7.1% drop in March).
Fresh vegetables 17.3% decline (compared to a 17.8% drop in March).
Women's clothing 6.7% decrease (after a 4.3% decline in March).
Computer equipment and supplies 14.4% drop (following a 14.9% decrease in March).
 
Historical information on the main indices and the main contributors to the monthly change
Index Historical information
All-items index 0.8% hike (after a 0.4% increase in March).
Core index 0.3% rise (following a 0.2% rise in March).
All-items index excluding energy 0.3% growth (compared to 0.2% hike in March).
Goods index 1.0% rise (following a 0.7% increase in March).  Sharpest rise since March 2007 (+1.3%).
Services index 0.5% increase (after a 0.2% growth in March).
Gasoline 6.0% rise (compared to a 3.6% growth in March).  The steepest increase since March 2007 (+12.4%).
Natural gas 6.2% growth (compared to 2.2% increase in March).  This index grew 9.0% in April 2007.
Air transportation 4.8% rise (after a 1.3% hike in March).
Electricity 1.6% rise (after a 0.1% drop in March).
Women's clothing 3.8% drop (following a 3.0% rise in March).
Men's clothing 1.6% decline (after a 1.3% growth in March).