Briefing notes

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Highlights:

  1. Consumer prices rose 2.9% in the 12 months to October following a 3.2% increase in September. On a non-seasonally adjusted monthly basis, consumer prices advanced 0.2%, matching the increase in September.

All-items Consumer Price Index (CPI):

  1. Energy prices increased 11.7% during the 12 months to October, easing from the 12.5% increase in September. On a year-over-year basis, gasoline prices rose 18.2%, after advancing 22.7% in September. Prices for fuel oil increased 22.1% in October following a 27.4% rise the month before. Prices for electricity rose while prices for natural gas continued to decline.
  2. Consumers paid 4.3% more for food in the 12 months to October, matching the gain posted in September.
  3. Excluding food and energy, the CPI increased 1.5% in the 12 months to October, following a 1.9% increase the month before.
  4. On a seasonally adjusted monthly basis, consumer prices increased 0.3% from September to October, after rising 0.4% the month before. The transportation index, which includes the purchase of passenger vehicles, advanced 1.3%, matching the increase in September. The shelter index, which includes electricity, rose 0.6% in October, following a 0.4% decline in September. The food index went up 0.2% from September to October matching the increase in the previous month.

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

Main upward contributors:

  1. Gasoline (+18.2%)
  2. Food purchased from restaurants (+3.1%)
  3. Passenger vehicle insurance premiums (+3.8%)
  4. Fuel oil and other fuels (+22.1%)
  5. Purchase of passenger vehicles (+2.5%)

Main downward contributors:

  1. Mortgage interest cost (-1.3%)
  2. Video equipment (-13.4%)
  3. Natural gas (-2.2%)
  4. Furniture (-2.1%)
  5. Women's clothing (-1.5%)

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

Main upward contributors:

  1. Electricity (+3.5%)
  2. Property taxes (+2.2%)
  3. Purchase of passenger vehicles (+1.4%)
  4. Food purchased from restaurants (+0.4%)
  5. Men's clothing (+1.8%)

Main downward contributors:

  1. Traveller accommodation (-6.5%)
  2. Gasoline (-0.6%)
  3. Meat (-1.3%)
  4. Homeowners' maintenance and repairs (-1.7%)
  5. Fresh vegetables (-2.9%)
Twelve month and monthly percentage change in the most quoted indexes, not seasonally adjusted