Highlights
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:
- The Consumer Price Index (CPI) rose 0.8% in the 12 months to April, after increasing 1.2% in March. The increase in April was the smallest since October 2013.
- The smaller year-over-year increase in the CPI in April compared with March was mostly attributable to lower energy prices. Excluding energy, the CPI increased 2.2% on a year-over-year basis in April, following a 2.3% increase the previous month.
- Prices rose in seven of the eight major components on a year-over-year basis in April. The rise in the CPI was led by higher prices for food. The shelter index, which includes natural gas and fuel oil, also increased in the 12 months to April, although at a slower pace than in March. The transportation index was the only major component to post a decline.
- Consumer prices rose in seven provinces in the 12 months to April, with Saskatchewan posting the largest increase. Conversely, three of the Atlantic provinces registered year-over-year declines.
Month-to-month change:
- On a seasonally adjusted monthly basis, the CPI decreased 0.1% in April, following a 0.3% rise in March.
- On a monthly basis and before seasonal adjustment, the CPI edged down 0.1% in April, after increasing 0.7% in March.
Bank of Canada’s core index:
- The Bank of Canada’s core index increased 2.3% in the 12 months to April, after rising 2.4% in March.
Main contributors to the 12-month change in the CPI:
Main upward contributors:
- Meat (+11.2%)
- Telephone services (+6.3%)
- Food purchased from restaurants (+2.7%)
- Homeowners’ home and mortgage insurance (+8.6%)
- Purchase of passenger vehicles (+1.4%)
Main downward contributors:
- Gasoline (-21.0%)
- Natural gas (-14.6%)
- Fuel oil (-20.0%)
- Mortgage interest cost (-0.9%)
- Travel tours (-3.9%)
Main contributors to the monthly change in the CPI, not seasonally adjusted:
Main upward contributors:
- Air transportation (+2.3%)
- Electricity (+1.0%)
- Homeowners’ home and mortgage insurance (+1.4%)
- Furniture (+1.8%)
- Traveller accommodation (+1.6%)
Main downward contributors:
- Travel tours (-13.0%)
- Natural gas (-8.0%)
- Purchase of passenger vehicles (-0.6%)
- Fresh vegetables (-2.7%)
- Fresh fruit (-3.1%)
- Date modified: