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Briefing notes

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Highlights:

  1. Consumer prices rose 1.0% in the 12 months to June, following a 1.4% increase in May. On a non-seasonally adjusted monthly basis, consumer prices declined 0.1% in June, after increasing 0.3% from April to May.

All-items Consumer Price Index (CPI):

  1. Energy prices rose 1.3% between June 2009 and June 2010, after increasing 6.2% over the 12 months ending in May.
  2. The price of gasoline decreased 2.9% in June compared to the same month a year earlier, after rising 6.9% in May. This was the first year-over-year drop in prices at the pump since October 2009.
  3. In June, electricity prices rose 5.8%, after increasing 4.0% in May.
  4. Natural gas prices increased 3.0% in June, after rising 4.7% in May. This was the third consecutive increase following several months of decline.
  5. Prices for the purchase of passenger vehicles rose 2.8% in June, following a 5.1% increase in May.
  6. Prices increased in seven of the eight major components of the CPI in the 12 months to June; the only exception was clothing and footwear.

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

Main upward contributors:

  1. Purchase of passenger vehicles (+2.8%)
  2. Passenger vehicle insurance premiums (+5.3%)
  3. Homeowner’s replacement costs (+5.2%)
  4. Electricity (+5.8%)
  5. Telephone services (+5.4%)

Main downward contributors:

  1. Mortgage interest cost (-5.0%)
  2. Gasoline (-2.9%)
  3. Air transportation (-8.4%)
  4. Women’s clothing (-5.7%)
  5. Video equipment (-13.9%)

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

Main upward contributors:

  1. Traveller accommodations (+7.6%)
  2. Air transportation (+4.5%)
  3. Electricity (+0.9%)
  4. Homeowner’s replacement costs (+0.6%)
  5. Confectionery (+3.7%)

Main downward contributors:

  1. Gasoline (-2.9%)
  2. Women’s clothing (-4.6%)
  3. Purchase of passenger vehicles (-1.0%)
  4. Men’s clothing (-4.7%)
  5. Children’s clothing (-7.0%)