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12-month change:

1. The Consumer Price Index (CPI) rose 0.9% in the 12 months to November, following a 0.7% increase in October. November marked the seventh month in the last 13 months in which the CPI increased less than 1.0% on a year-over-year basis.
2. The energy component of the CPI, which includes electricity, natural gas, fuel oil and gasoline, increased 2.3% on a year-over-year basis in November, after decreasing 1.6% in October. The CPI excluding energy rose 0.8% in November compared with the same month last year, following a 0.9% rise in October.
3. Six of the eight major components recorded gains in the 12 months to November. Higher shelter costs and food prices were the main contributing factors to the year-over-year increase in the CPI. Health and personal care, and clothing and footwear, were the only two major components to post declines on a year-over-year basis.
4. Consumer prices rose in nine provinces in the 12 months to November. British Columbia was the exception, recording a decline on a year-over-year basis. The largest rise was recorded in Prince Edward Island, while the smallest increase was observed in Quebec. Saskatchewan was the only province where consumer prices rose at a slower year-over-year rate in November compared with October.

Month-to-month change:

1. On a seasonally adjusted monthly basis, the CPI rose 0.2% in November, following a 0.1% decline in October.
2. On a monthly basis and before seasonal adjustment, the CPI posted no change in November, after recording a 0.2% decrease in October.

Bank of Canada’s Core Index:

1. The Bank of Canada’s core index rose 1.1% in the 12 months to November, after increasing 1.2% in October.