CONSUMER PRICE INDEX REPORT OCTOBER 2017

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Beverley Gordon
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1 CONSUMER PRICE INDEX REPORT OCTOBER 2017 M A N I T O B A B U R E A U O F S T A T I S T I C S RIGHT ANSWERS RIGHT NOW November 17, 2017

2 CONTENTS SUMMARY CHART 1 - ANNUAL INFLATION RATE: MANITOBA AND CANADA CHART 2 - CONSUMER PRICE INDICES, ALL ITEMS: CANADA AND PROVINCES CHART 3 - CONSUMER PRICE INDICES, MAJOR COMPONENTS: MANITOBA TABLE 1 - CONSUMER PRICE INDICES: MANITOBA AND CANADA TABLE 2 - CONSUMER PRICE INDICES: PROVINCES TABLE 3 - PERCENT CHANGE COMPARISONS: MANITOBA AND CANADA TABLE 4 - CONSUMER PRICE INDICES: CITIES

3 CONSUMER PRICE INDEX OCTOBER 2017 PERCENT CHANGE ALL-ITEMS INDEX OCTOBER 17/OCTOBER 16 OCTOBER 17/SEPTEMBER 17 MANITOBA CANADA The Manitoba all-items index rose 1.5% in October 2017 compared with October 2016, unchanged from the September annual rate of 1.5%. Canada's annual rate of price increase in October was 1.4%, down from its September rate of 1.6%. Chart 1 presents a summary of price changes for Manitoba and Canada over the last two years. The method of calculation shown in Chart 1 is the most widely used, and is often referred to by the media as the "inflation rate". It is based on the percent change between the current month and the same month the previous year. Chart 2 shows that Manitoba's annual inflation rate of 1.5% in October was tied with New Brunswick as having the seventh lowest rate among the provinces. British Columbia and Saskatchewan recorded the highest increase at 2.0%, while Nova Scotia and Newfoundland and Labrador recorded the lowest rate at 0.9%. As seen in table 4, the Winnipeg all-items increase was 1.5% in October, up from an annual rate of 1.4% recorded in September. Between October 2016 and October 2017, Manitoba saw lower prices for traveller accommodation (-14.9%), natural gas (-14.3%), women's clothing (-3.8%), recreational equipment and services (excluding recreational vehicles) (-3.0%), as well as telephone services (-2.4%). These declines were offset by higher prices for the purchase and leasing of passenger vehicles (+2.2%), homeowners' replacement cost (+4.8%), property taxes and other special charges (+4.1%), inter-city transportation (+10.5%), and passenger vehicle insurance premiums (+3.4%). On a monthly basis (as shown above), the Manitoba all-items index was 0.4% higher in October following a 0.4% increase in September. Items recording lower prices last month included fresh vegetables (-6.0%), fresh or frozen beef (-9.9%), telephone services (-1.0%), as well as fresh or frozen chicken (-4.2%). These declines were offset by increases in property taxes and other special charges (+4.1%), the purchase and leasing of passenger vehicles (+1.3%), personal care supplies and equipment (+4.1%), and inter-city transportation (+2.8%). As shown in table 1, nationally the all-items index rose 0.1%. This follows a 0.2% increase from August to September.

4 CHART 1. CONSUMER PRICE INDEX ANNUAL INFLATION RATE * MANITOBA AND CANADA 2.5 PERCENT CHANGE MANITOBA CANADA OCT 15 APR 15 OCT 16 APR 16 OCT 17 * Percent change from same month last year DATA SOURCE: STATISTICS CANADA MANITOBA BUREAU OF STATISTICS November 17, 2017

5 2.5 PERCENT CHANGE CHART 2. CONSUMER PRICE INDICES PERCENT CHANGE FROM OCT 16 TO OCT 17 ALL ITEMS: CANADA AND PROVINCES N.S. NFLD QUE P.E.I. ALTA ONT CAN MAN N.B. SASK B.C. 4.0 PERCENT CHANGE CHART 3. CONSUMER PRICE INDICES PERCENT CHANGE FROM OCT 16 TO OCT 17 MAJOR COMPONENTS: MANITOBA CLOTHING REC EDUC & RDG HOUSE HOLD OPER ALL ITEMS HEALTH TRANSPORTATION SHELTER FOOD ALCOHOL & TOBACCO DATA SOURCE: STATISTICS CANADA MANITOBA BUREAU OF STATISTICS November 17, 2017

6 TABLE 1: CONSUMER PRICE INDICES FOR OCTOBER 2017 (2002 = 100) MANITOBA CANADA PERCENT PERCENT PERCENT PERCENT OCT 17 SEP 17 CHANGE OCT 16 CHANGE OCT 17 SEP 17 CHANGE OCT 16 CHANGE MAIN COMPONENTS: ALL ITEMS FOOD SHELTER HOUSEHOLD OPERATIONS AND FURNISHINGS CLOTHING AND FOOTWEAR TRANSPORTATION HEALTH AND PERSONAL CARE RECREATION, EDUCATION AND READING TOBACCO AND ALCOHOL SPECIAL AGGREGATES: ALL ITEMS EXCL. FOOD ALL ITEMS EXCL. FOOD AND ENERGY ENERGY GOODS SERVICES DATA SOURCE: STATISTICS CANADA MANITOBA BUREAU OF STATISTICS November 17, 2017

7 TABLE 2: CONSUMER PRICE INDICES FOR OCTOBER 2017 (2002 = 100) ALL ITEMS FOOD PERCENT PERCENT PERCENT PERCENT OCT 17 SEP 17 CHANGE OCT 16 CHANGE OCT 17 SEP 17 CHANGE OCT 16 CHANGE MANITOBA WESTERN PROVINCES SASKATCHEWAN ALBERTA BRITISH COLUMBIA EASTERN PROVINCES ONTARIO QUEBEC MARITIME PROVINCES NEW BRUNSWICK NOVA SCOTIA PRINCE EDWARD ISLAND NEWFOUNDLAND/LABRADOR * MANITOBA RANK 8 t 7 t 1 t 9 DATA SOURCE: STATISTICS CANADA MANITOBA BUREAU OF STATISTICS * Ranking is done in ascending order from the lowest to the highest November 17, 2017

8 TABLE 3: PERCENT CHANGE COMPARISONS, MANITOBA AND CANADA (AS OF OCTOBER 2017) (1) (2) CHANGE FROM COMPOUNDED ANNUAL SAME MONTH LAST YEAR RATE OF CHANGE (3) 12 - MONTH ANNUAL RATE MAIN COMPONENTS MANITOBA CANADA MANITOBA CANADA MANITOBA CANADA ALL ITEMS FOOD SHELTER HOUSEHOLD OPERATIONS AND FURNISHINGS CLOTHING AND FOOTWEAR TRANSPORTATION HEALTH AND PERSONAL CARE RECREATION, EDUCATION AND READING TOBACCO AND ALCOHOL SPECIAL AGGREGATES: ALL ITEMS EXCL. FOOD ALL ITEMS EXCL. FOOD AND ENERGY ENERGY GOODS SERVICES DATA SOURCE: STATISTICS CANADA MANITOBA BUREAU OF STATISTICS November 17, 2017 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.

9 TABLE 4: CONSUMER PRICE INDICES FOR OCTOBER 2017: ALL ITEMS (2002 = 100) (1) (2) PERCENT CHANGE FROM 12 - MONTH OCT 17 SEP 17 CHANGE SAME MONTH LAST YEAR ANNUAL RATE WINNIPEG WESTERN CITIES REGINA SASKATOON CALGARY EDMONTON VANCOUVER VICTORIA EASTERN CITIES THUNDER BAY TORONTO OTTAWA MONTREAL QUEBEC MARITIME CITIES SAINT JOHN, N.B HALIFAX CHARLOTTETOWN ST. JOHN'S, NFLD * WINNIPEG RANK 12 t 10 6 t (OUT OF 16 CITIES) DATA SOURCE: STATISTICS CANADA MANITOBA BUREAU OF STATISTICS * Ranking is done in ascending order from the lowest to the highest November 17, 2017 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 TWO 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.

CONSUMER PRICE INDEX REPORT NOVEMBER 2017

CONSUMER PRICE INDEX REPORT NOVEMBER 2017 M A N I T O B A B U R E A U O F S T A T I S T I C S RIGHT ANSWERS RIGHT NOW December 21, 2017 CONTENTS SUMMARY CHART 1 - ANNUAL INFLATION RATE: MANITOBA AND CANADA