Consumer Price Index. Highlights. Manitoba third highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, December 2018

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MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r 2 0 1 8 1 Consumer Price Index D e c e m b e r 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.

1% in December was the third highest rate among the provinces. British Columbia recorded the highest increase at 3.0%, while Newfoundland/Labrador recorded the lowest rate at 0.5%.

0 2.5 2.0 1.5 1.0 0.5 CPI, Canada and provinces, December 2018 12-month change (%) 2.5 2.0 1.5 1.0 0.5 0.0 Dec.16 Jun.16 Dec.17 Jun.17 Dec.

1 MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r Consumer Price Index D e c e m b e r Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.1% on a year-overyear basis in December, up from the November annual rate of 1.7%. Canada's CPI grew 2.0% on a year-over-year basis in December, up from its November rate of 1.7%. Manitoba third highest among provinces Manitoba's annual inflation rate of 2.1% in December was the third highest rate among the provinces. British Columbia recorded the highest increase at 3.0%, while Newfoundland/Labrador recorded the lowest rate at 0.5%. The Winnipeg all-items increase was 2.0% in December, up from its annual rate of 1.6% recorded in November. Consumer Price Index (CPI), Manitoba and Canada, December month change (%) CPI, Canada and provinces, December month change (%) Dec.16 Jun.16 Dec.17 Jun.17 Dec.18 Manitoba Source: Statistics Canada, Table (formerly CANSIM ) Canada What is the Consumer Price Index? The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. Since the basket contains goods and services of unchanging or equivalent quantity and quality, the index reflects only pure price change. The CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, the CPI is useful to virtually all Canadians. Consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation. 0.0 NL NB QC SK PE NS CA AB MB ON BC Source: Statistics Canada, Table (formerly CANSIM ) Function=getSurvey&SDDS=2301

2 MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r Manitoba consumer prices above average in four of the eight major components Manitoba prices grew in the eight major components in the 12 months ending in December As well, four of the major components were above Manitoba's all-items increase of 2.1%. For the first time in 2018, Food prices in Manitoba led all major component growth, up 3.3% in the 12 months ending in December after increasing 1.7% in October and November. Shelter costs (Manitoba s largest weighted component) rose 3.3% in December, up from its 3.1% increase in the previous month. Prices for Alcoholic beverages and tobacco products were up 3.1% in December, up from its year-overyear price increase of 3.0% in November. For the second consecutive month, Clothing and footwear prices rose 2.4% on a Manitoba CPI, by major components, December month change (%) Food Shelter Alcoholic bev. and tobacco prod. Clothing and footwear All-Items Recreation, education and reading Health and personal care Household ops., furnishings and equip. Transportation Source: Statistics Canada, Table (formerly CANSIM ) Top contributors, 12-month change year-over-year basis. Recreation, education and reading prices slowed to 1.4% in December after increasing 1.7% in the previous month. Prices for Health and personal care products grew 1.3% in December, up from the 1.2% increase in November. Household operations, furnishings and equipment prices were up 1.2% in December after increasing 1.2% in November. For the second consecutive month, Transportation prices had the slowest growth at 1.1%. This comes after increasing 0.4% in the previous month. Between December 2017 and December 2018, Manitoba saw lower prices for gasoline (-7.1%), traveller accommodation (-11.9%), recreational equipment and services (excluding recreational vehicles) (-5.3%), the purchase and leasing of passenger vehicles (-0.5%), as well as prescribed medicines (-5.5%). These declines were offset by higher prices for inter-city transportation (+26.7%), video and audio subscription services (+11.7%), electricity (+4.1%), and women's clothing (+6.6%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index was unchanged in December following a 0.5% decrease in November. Items recording lower prices over the one-month period include gasoline (-6.4%), traveller accommodation (-7.2%), men's clothing (-4.4%), women's clothing (-2.4%), as well as children's clothing (-9.3%). These declines were offset by higher prices in inter-city transportation (+20.9%), the purchase and leasing of passenger vehicles (+0.7%), non-prescribed medicines (+6.5%), and fresh or frozen chicken (+6.3%). The Canada all-items index declined 0.1% following a 0.4% decrease in November (table 1). Contact: David Desrochers david.desrochers@gov.mb.ca Stay tuned for highlighted information on our public website at

3 MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r Table 1: Consumer Price Indices for December 2018 By Component: Manitoba And Canada Manitoba Canada Dec. Nov. Dec. Nov. 18 Dec. 17 Dec. Nov. Dec. Nov. 18 Dec to to to to Dec. 18 Dec. 18 Dec. 18 Dec. 18 (2002 = 100) % change (2002 = 100) % change Main components All-items Food Shelter Household operations, furnishings and equipment Clothing and footwear Transportation Health and personal care Recreation, education and reading Alcoholic beverages and tobacco products Special aggregates All-items excluding food All-items excluding food and energy Energy Goods Services Source: Prepared by the, adapted from Statistics Canada, Table (formerly CANSIM ) Reelase date:

4 MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r Table 2: Consumer Price Indices for December 2018 By Province: All-Items and Food All-items Food Dec. Nov. Dec. Nov. 18 Dec. 17 Dec. Nov. Dec. Nov. 18 Dec to to to to Dec. 18 Dec. 18 Dec. 18 Dec. 18 (2002 = 100) % change (2002 = 100) % change Mantioba Western Provinces Saskatchewan Alberta British Columbia Eastern Provinces Ontario Quebec Maritime Provinces New Brunswick Nova Scotia Prince Edward Island Newfoundland and Labrador * Manitoba Rank 8 t 7 t 6 9 * Ranking is done in ascending order from the lowest to the highest Source: Prepared by the, adapted from Statistics Canada, Table (formerly CANSIM ) Release date:

5 MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r Table 3: Percent Change Comparisons of Consumer Price Indices for December 2018 By Component: Manitoba And Canada (1) change from same month last year (2) compounded annual rate of change (3) 12-month annual rate % change Main components Manitoba Canada Manitoba Canada Manitoba Canada All-items Food Shelter Household operations, furnishings and equipment Clothing and footwear Transportation Health and personal care Recreation, education and reading Alcoholic beverages and tobacco products Special aggregates All-items excluding food All-items excluding food and energy Energy Goods Services Note: there are several ways to measure the annual percent change of the consumer price index, commonly referred to as the inflation rate. The above table presents three different methods: (1) The most commonly used method of reporting the inflation rate, based on percent change from the same month one year ago. (2) Provides a measure of the current annual rate of inflation. The growth rate over the preceeding three months is calculated and then compounded at an annual rate. it should be noted that these calculations have not been seasonally-adjusted. (3) Compares the average of the 12 months ending this month with the average of the 12 months ending one year earlier. Source: Prepared by the, adapted from Statistics Canada, Table (formerly CANSIM ) Release date:

6 MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r Table 4: Consumer Price Indices for December 2018 By City: All-Items All-items All-items: 12-month average (1) (2) Dec. Nov. Dec. Nov. 18 Dec. 17 Jan.17 Jan month to to to to annual Dec. 18 Dec. 18 Dec.17 Dec.18 rate (2002 = 100) % change (2002 = 100) % change Winnipeg Western Cities Regina Saskatoon Calgary Edmonton Vancouver Victoria Eastern Cities Thunder Bay Toronto Ottawa Montréal Québec Maritime Cities Saint John, N.B Halifax Charlottetown St. John'S, Nfld * Winnipeg Rank 8 t 7 t 9 t * Ranking is done in ascending order from the lowest to the highest Note: there are several ways to measure the annual percent change of the consumer price index, commonly referred to as the inflation rate. The above table presents three different methods: (1) The most commonly used method of reporting the inflation rate, based on percent change from the same month one year ago. (2) Compares the average of the 12 months ending this month with the average of the 12 months ending one year earlier. Source: Prepared by the, adapted from Statistics Canada, Table (formerly CANSIM ) Release date:

Consumer Price Index report

MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 1 Consumer Price Index report J u l y 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 3.3% on