Briefing notes

Warning View the most recent version.

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.

12-Month Change:

  1. Consumer prices rose 2.3% in the 12 months to December, following a 2.9% increase in November.
  2. On a year-over-year basis, prices rose in all eight major components in December. Transportation and food continued to post the largest increases.
  3. Consumer prices rose at a slower rate in December in every province except for Prince Edward Island, where the increase matched the gain the month before.

Month-to-Month Change:

  1. On a seasonally adjusted monthly basis, consumer prices decreased 0.2% from November to December, after rising 0.1% from October to November.
  2. Consumer prices, before seasonal adjustment, fell 0.6% from November to December, following a 0.1% rise from October to November.

Bank of Canada's Core Index:

  1. The Bank of Canada's core index rose 1.9% in the 12 months to December, after increasing 2.1% in November.

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

Main upward contributors:

  1. Gasoline (+7.6%)
  2. Food purchased from restaurants (+2.9%)
  3. Passenger vehicle insurance premiums (+3.9%)
  4. Electricity (+5.4%)
  5. Fuel oil and other fuels (+20.0%)

Main downward contributors:

  1. Natural gas (-4.0%)
  2. Furniture (-3.6%)
  3. Mortgage interest cost (-0.7%)
  4. Women's clothing (-2.3%)
  5. Video equipment (-10.5%)

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

Main upward contributors:

  1. Electricity (+3.0%)
  2. Fresh vegetables (+4.1%)
  3. Fresh fruit (+3.1%)
  4. Homeowners' replacement cost (+0.4%)
  5. Financial services (+1.5%)

Main downward contributors:

  1. Gasoline (-3.0%)
  2. Clothing (-5.1%)
  3. Purchase of passenger vehicles (-2.3%)
  4. Traveller accommodation (-3.2%)
  5. Air transportation (-2.3%)
Twelve-month and monthly percentage change in the most quoted indexes, not seasonally adjusted