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Briefing notes

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Highlights:

  1. Consumer prices rose 1.0% in the 12 months to November 2009, following a 0.1% increase in October. On an unadjusted monthly basis, consumer prices rose 0.5% from October to November, after decreasing 0.1% from September to October.

All-items Consumer Price Index (CPI):

  1. The rise in the all-items CPI was due mostly to gasoline prices. Consumers paid 14.1% more at the pump in November than they did a year earlier, compared with a 13.1% drop in October.
  2. Energy prices rose 1.3% between November 2008 and November 2009, following a drop of 12.7% in October.
  3. All major components in the CPI recorded increases in November, except shelter (-1.7%).
  4. Upward pressure on the 12-month change came primarily from higher prices for transportation (+1.9%), household operations, furnishings and equipment (+2.8%), and food (+1.7%).

Main contributors to the 12-month change in the CPI:

Main upward contributors:

  1. Gasoline (+14.1%)
  2. Passenger vehicle insurance premiums (+7.8%)
  3. Property taxes (+4.3%)
  4. Food purchased from restaurants (+2.7%)
  5. Education (+4.4%)

Main downward contributors:

  1. Natural gas (-29.7%)
  2. Purchase of passenger vehicles (-6.0%)
  3. Mortgage interest cost (-4.0%)
  4. Air transportation (-8.9%)
  5. Homeowner's replacement cost (-2.1%)

Main contributors to the monthly change in the CPI, not seasonally adjusted:

Main upward contributors:

  1. Purchase of passenger vehicles (+5.0%)
  2. Gasoline (+3.2%)
  3. Fresh vegetables (+16.3%)
  4. Telephone services (+2.3%)
  5. Fuel oil and other fuels (+9.9%)

Main downward contributors:

  1. Air transportation (-11.3%)
  2. Traveller accommodation (-7.1%)
  3. Homeowners’ home and mortgage insurance (-2.9%)
  4. Mortgage interest cost (-0.5%)
  5. Women’s clothing (-1.0%)