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12-month change:

  1. The Consumer Price Index rose 1.7% in the 12 months to April, after increasing 1.3% in March.
  2. Excluding gasoline, the CPI rose 2.0% year over year in April, following a 1.9% increase in March.
  3. Energy prices declined 3.2% in the 12 months to April, following a 7.8% decrease in March. This smaller year-over-year decline was mainly attributable to a moderation in the year-over-year decrease in gasoline prices, down 5.8% in April, following a 13.6% decline the previous month.
  4. Smaller year-over-year decreases were also recorded in the natural gas index and the fuel oil index in April compared with March. Natural gas prices were down 12.8% in the 12 months to April, following a 17.4% decline in March, while fuel oil prices fell 19.3% in April, following a 25.8% decrease the previous month.
  5. Prices rose in seven of the eight major components on a year-over-year basis in April, with the food and shelter indexes contributing the most to the increase in the CPI. The clothing and footwear index was the only index to decline on a year-over-year basis in April.
  6. In nine provinces, consumer prices rose more on a year-over-year basis in April than in March. The CPI in Alberta posted the same gain in April as it did the previous month.
  7. The 12-month change in the gasoline index and fuel oil index contributed more to the acceleration of inflation in the Atlantic provinces than in other provinces; this was due, in part, to the fact that the basket weights for these indexes are relatively larger in the Atlantic provinces.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the Consumer Price Index increased 0.2% in April, matching the gain in March.
  2. On a monthly basis and before seasonal adjustment, the CPI rose 0.3% in April, following a 0.6% gain in March.

Bank of Canada’s core index:

  1. The Bank of Canada’s core index increased 2.2% in the 12 months to April, after rising 2.1% in March.

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

Main upward contributors:

  1. Purchase of passenger vehicles (+4.6%)
  2. Electricity (+6.5%)
  3. Food purchased from restaurants (+2.7%)
  4. Fresh vegetables (+11.7%)
  5. Homeowners’ replacement cost (+2.3%)

Main downward contributors:

  1. Gasoline (-5.8%)
  2. Natural gas (-12.8%)
  3. Mortgage interest cost (-1.5%)
  4. Fuel oil (-19.3%)
  5. Passenger vehicle insurance premiums (-0.9%)

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

Main upward contributors:

  1. Gasoline (+8.9%)
  2. Purchase of passenger vehicles (+0.7%)
  3. Video and audio subscription services (+2.2%)
  4. Women’s clothing (+1.2%)
  5. Traveller accommodation (+1.8%)

Main downward contributors:

  1. Travel tours (-14.2%)
  2. Fresh vegetables (-5.4%)
  3. Fresh fruit (-3.5%)
  4. Natural gas (-2.8%)
  5. Meat (-0.8%)
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