Briefing notes
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Highlights:
- Consumer prices rose 2.0% in the 12 months to November, following a 2.4% increase in October. On a non-seasonally adjusted monthly basis, consumer prices rose 0.1% in November, after increasing 0.4% in October.
All-items Consumer Price Index (CPI):
- Energy prices rose 6.7% during the 12 months to November, on the heels of a 9.1% increase in October. Prices at the pump were 7.2% higher than a year earlier, following an 8.8% increase posted in the previous month. Electricity prices increased 5.9%, smaller than the 8.1% rise in October.
- Prices for the purchase of passenger vehicles rose 3.9% compared with November last year. This follows a 4.9% increase in October.
- Homeowners' replacement cost increased 4.6% in November, a slightly slower rate of growth than the 4.9% increase observed in the previous month.
Main contributors to the 12-month change in the CPI:
Main upward contributors:
- Gasoline (+7.2%)
- Purchase of passenger vehicles (+3.9%)
- Homeowners' replacement cost (+4.6%)
- Electricity (+5.9%)
- Passenger vehicle insurance premiums (+4.2%)
Main downward contributors:
- Mortgage interest cost (-2.7%)
- Women's clothing (-6.9%)
- Video equipment (-14.8%)
- Furniture (-2.9%)
- Computer equipment and supplies (-11.1%)
Main contributors to the monthly change in the CPI, non-seasonally adjusted:
Main upward contributors:
- Purchase of passenger vehicles (+4.0%)
- Gasoline (+1.7%)
- Fresh vegetables (+5.5%)
- Food purchased from restaurants (+0.4%)
- Fuel oil and other fuels (+3.1%)
Main downward contributors:
- Women's clothing (-5.8%)
- Traveller accommodations (-6.3%)
- Electricity (-1.1%)
- Non-alcoholic beverages (-3.0%)
- Men's clothing (-1.9%)
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