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12-month change:

  1. The Consumer Price Index (CPI) rose 1.4% in the 12 months to November, after increasing 1.0% in October.
  2. Gasoline prices continued to moderate the year-over-year rise in the CPI in November, but to a lesser extent than in October. In November, the gasoline index was down 10.6% year over year compared with a 17.1% decrease the previous month.
  3. Prices were up in seven of the eight major components on a year-over-year basis in November, with the food and shelter indexes contributing the most to the rise in the CPI. The transportation index, which includes gasoline, recorded its smallest decrease since November 2014.
  4. Consumer prices rose in all provinces in the 12 months to November, with Saskatchewan posting the largest gain. The CPI in Prince Edward Island registered its first year-over-year increase since November 2014.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI rose 0.2% in November, matching the increase in October.
  2. On a monthly basis and before seasonal adjustment, the CPI declined 0.1% in November, after increasing 0.1% in October.

Bank of Canada’s core index:

  1. The Bank of Canada’s core index was up 2.0% in the 12 months to November, following a 2.1% rise in October.

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

Main upward contributors:

  1. Homeowners’ home and mortgage insurance (+10.1%)
  2. Food purchased from restaurants (+2.8%)
  3. Purchase of passenger vehicles (+1.9%)
  4. Fresh vegetables (+10.9%)
  5. Electricity (+4.2%)

Main downward contributors:

  1. Gasoline (-10.6%)
  2. Natural gas (-11.6%)
  3. Telephone services (-3.0%)
  4. Fuel oil (-17.6%)
  5. Mortgage interest cost (-1.2%)

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

Main upward contributors:

  1. Fresh vegetables (+9.0%)
  2. Purchase of passenger vehicles (+0.8%)
  3. Air transportation (+2.2%)
  4. Electricity (+0.9%)
  5. Personal care supplies and equipment (+1.8%)

Main downward contributors:

  1. Traveller accommodation (-9.7%)
  2. Telephone services (-3.3%)
  3. Travel tours (-7.8%)
  4. Women’s clothing (-1.7%)
  5. Children’s clothing (-3.9%)
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