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12-month change:

  1. The Consumer Price Index (CPI) rose 2.1% in the 12 months to August, matching the increase in July.
  1. Prices increased in all major components in the 12 months to August. Higher shelter costs led the gain in the CPI. The indexes for household operations, furnishings and equipment, food, as well as transportation also contributed to the rise in the CPI.
  1. Consumer prices rose in all provinces in the 12 months to August. Saskatchewan posted the largest increase, while Prince Edward Island recorded the smallest.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI increased 0.1% in August, following a 0.1% decrease in July.
  1. On a monthly basis and before seasonal adjustment, the CPI posted no change in August, after falling 0.2% in July.

Bank of Canada’s Core Index:

  1. The Bank of Canada’s core index advanced 2.1% in the 12 months to August, after increasing 1.7% in July.

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

Main upward contributors:

  1. Meat (+9.3%)
  2. Purchase of passenger vehicles (+2.9%)
  3. Telephone services (+7.6%)
  4. Natural gas (+17.9%)
  5. Cigarettes (+11.3%)

Main downward contributors:

  1. Digital computing equipment and devices (-6.7%)
  2. Air transportation (-2.8%)
  3. Furniture (-2.4%)
  4. Video equipment (-5.8%)
  5. Children’s clothing (-3.2%)

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

Main upward contributors:

  1. Telephone services (+3.7%)
  2. Purchase of passenger vehicles (+1.1%)
  3. Traveller accommodation (+4.0%)
  4. Women’s clothing (+1.6%)
  5. Internet access services (+3.5%)

Main downward contributors:

  1. Gasoline (-3.2%)
  2. Fresh vegetables (-7.7%)
  3. Fresh fruit (-5.0%)
  4. Natural gas (-3.5%)
  5. Footwear (-1.5%)
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