Consumer Price Index. Highlights. Manitoba fourth highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, November 2018
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1 MBS Reports C o n s u m e r P r i c e I n d e x, N o v e m b e r Consumer Price Index N o v e m b e r Highlights The Manitoba all-items Consumer Price Index (CPI) increased 1.7% on a year-overyear basis in November, down from the October annual rate of 2.7%. Canada's CPI grew 1.7% on a year-over-year basis in November, down from its October rate of 2.4%. Manitoba fourth highest among provinces Manitoba's annual inflation rate of 1.7% in November was the fourth highest rate among the provinces. British Columbia recorded the highest increase at 2.4%, while Newfoundland/ Labrador recorded the lowest rate at 0.8%. The Winnipeg allitems increase was 1.6% in November, up from its annual rate of 2.7% recorded in October. Consumer Price Index (CPI), Manitoba and Canada, November month change (%) CPI, Canada and provinces, November month change (%) Nov.16 May16 Nov.17 May17 Nov.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 QC PE SK NB AB CA MB NS 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, N o v e m b e r Manitoba consumer prices above average in three of the eight major components Manitoba prices grew in the eight major components in the 12 months ending in November As well, three of the major components were above Manitoba's all-items increase of 1.7%. For the first time in 2018, Shelter costs in Manitoba led all major component growth with an increase of 3.3% in November, unchanged from its 3.3% increase in October. Prices for Alcoholic beverages and tobacco products were up 3.0% in November, down from its year-over-year price increase of 4.1% recorded in October. For the second consecutive month, Clothing and footwear prices were up 1.8% on a year-over-year basis. Food prices rose 1.7% in the 12 months ending in November after increasing 1.7% in October. Recreation, education and reading prices were Manitoba CPI, by major components, November month change (%) up 1.7% in November, down from the 2.7% increase in October. Household operations, Shelter furnishings and equipment prices were up Alcoholic bev. and tobacco prod. 1.2% over the previous month after increasing Clothing and footwear All-Items Food Recreation, education and reading Household ops., furnishings and equip. Health and personal care Transportation 2.1% in October. Prices for Health and personal care products grew 1.2% in November, up from the 0.7% increase in October. After leading all major component growth in Manitoba for most of 2018, Transportation prices had the slowest growth at 0.4%. This comes after increasing 3.9% in the previous month. Source: Statistics Canada, Table (formerly CANSIM ) Top contributors, 12-month change Between November 2017 and November 2018, Manitoba saw lower prices for gasoline (-6.1%), recreational equipment and services (excluding recreational vehicles) (-5.1%), traveller accommodation (-6.0%), prescribed medicines (-5.3%), as well as clothing accessories, watches and jewellery (-4.0%). These declines were offset by higher prices for video and audio subscription services (+11.7%), electricity (+4.1%), intercity transportation (+8.3%), and tuition fees (+5.9%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index fell 0.5% in November following a 0.7% increase in October. Items recording lower prices over the one-month period include gasoline (-7.9%), telephone services (-3.2%), nonprescribed medicines (-7.4%), traveller accommodation (-4.5%), as well as children's clothing (-7.2%). These declines were offset by higher prices in fresh fruit (+6.8%), fresh vegetables (+4.3%), homeowners' home and mortgage insurance (+0.9%), and personal care services (+1.8%) The Canada all-items index declined 0.4% following a 0.3% increase in October (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, N o v e m b e r Table 1: Consumer Price Indices for November 2018 By Component: Manitoba And Canada Manitoba Canada Nov. Oct. Nov. Oct. 18 Nov. 17 Nov. Oct. Nov. Oct. 18 Nov to to to to Nov. 18 Nov. 18 Nov. 18 Nov. 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, N o v e m b e r Table 2: Consumer Price Indices for November 2018 By Province: All-Items and Food All-items Food Nov. Oct. Nov. Oct. 18 Nov. 17 Nov. Oct. Nov. Oct. 18 Nov to to to to Nov. 18 Nov. 18 Nov. 18 Nov. 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 6 t 6 t 2 6 * 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, N o v e m b e r Table 3: Percent Change Comparisons of Consumer Price Indices for November 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, N o v e m b e r Table 4: Consumer Price Indices for November 2018 By City: All-Items All-items All-items: 12-month average (1) (2) Nov. Oct. Nov. Oct. 18 Nov. 17 Dec.16 Dec month to to to to annual Nov. 18 Nov. 18 Nov.17 Nov.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 6 t 6 t 8 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:
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