Briefing notes

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12-month change:

  1. Consumer prices rose 1.3% in the 12 months to July, following a 1.5% gain in June.
  2. Higher prices for the purchase of passenger vehicles, food purchased from restaurants, meat and electricity were major factors in the increase of the July Consumer Price Index (CPI).
  3. Consumer prices rose at a slower rate in eight provinces on a year-over-year basis in July compared with June. Prices in Ontario grew at the slowest pace of any province, while the Quebec CPI recorded the largest increase.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI declined 0.1% in July, after decreasing 0.2% in June.
  2. On a monthly basis and before seasonal adjustment, the CPI fell 0.1% in July, after declining 0.4% in June.

Bank of Canada's core index:

  1. The Bank of Canada's core index rose 1.7% in the 12 months to July, following a 2.0% gain in June.

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

Main upward contributors:

  1. Purchase of passenger vehicles (+2.3%)
  2. Food purchased from restaurants (+2.4%)
  3. Meat (+5.3%)
  4. Electricity (+3.7%)
  5. Homeowners' replacement cost (+2.1%)

Main downward contributors:

  1. Natural gas (-15.2%)
  2. Clothing (-2.8%)
  3. Video equipment (-15.5%)
  4. Mortgage interest cost (-1.4%)
  5. Gasoline (-1.3%)

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

Main upward contributors:

  1. Traveller accommodation (+5.1%)
  2. Electricity (+1.0%)
  3. Fresh fruit (+3.1%)
  4. Meat (+1.1%)

Main downward contributors:

  1. Purchase of passenger vehicles (-1.9%)
  2. Clothing (-1.7%)
  3. Air transportation (-4.4%)
  4. Mortgage interest cost (-0.4%)