MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 1 Consumer Price Index S e p t e m b e r 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.4% on a year-overyear basis in September, down from the August annual rate of 2.9%. Canada's CPI grew 2.2% on a year-over-year basis in September, down from its August rate of 2.8%. Manitoba third highest among provinces Consumer Price Index (CPI), Manitoba and Canada, September 2018 12-month change (%) 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Sep.16 Mar.16 Sep.17 Mar.17 Sep.18 Manitoba Canada Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Manitoba's annual inflation rate of 2.4% in September was the third highest rate among the provinces. Alberta recorded the highest increase at 3.0%, while Newfoundland and Labrador recorded the lowest rate at 1.4%. The Winnipeg all-items increase was 2.2% in September, down from its annual rate of 2.8% recorded in August. CPI, Canada and provinces, September 2018 12-month change (%) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 2.2 2.4 NL PE NS QC SK NB ON CA MB BC AB Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) 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. http://www23.statcan.gc.ca/imdb/p2sv.pl? Function=getSurvey&SDDS=2301
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 2 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 September 2018. As well, three of the major components were above Manitoba s all-items increase of 2.4%. Consumer prices for Transportation continue to lead all major component growth, up 4.2.% over the previous year, however, Transportation prices fell from the 8.0% recorded in August. Manitoba s largest weighted price component, Shelter, continues to outpace the Manitoba all-items increase, up 3.5% in September, and was slightly above the 3.4% recorded over the three previous months. Prices for Alcoholic beverages and tobacco products saw the third largest increase at 3.1% in September, up from its year-over-year price increase recorded in August (2.5%). Health Manitoba CPI, by major components, September 2018 and personal care prices grew 2.3% in September after increasing 1.9% in August. Pric- 12-month change (%) Transportation es for Clothing and footwear saw a large Shelter change in September, up 1.6%, after increasing 0.9% in August. Recreation, education Alcoholic bev. and tobacco prod. All-Items and reading prices slowed to 1.5% in September after increasing 2.3% in August. Health and personal care Clothing and footwear Food prices continue to see minimal Recreation, education and reading change, up 0.5% in the 12 months ending in Food September after increasing 0.2% in August. Household ops., furnishings and equip. Household operations, furnishings and 0.0 1.0 2.0 3.0 4.0 equipment prices were up 0.3%. This comes after contracting 0.6% in August. Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Top contributors, 12-month change Between September 2017 and September 2018, Manitoba saw lower prices for telephone services (-4.5%), recreational equipment and services (excluding recreational vehicles) (-5.3%), traveller accommodation (-8.1%), bakery products (-3.9%), as well as prescribed medicines (-3.7%). The declines were offset by higher prices for gasoline (+16.1%), video and audio subscription services (+11.7%), property taxes and other special charges (+4.1%), and electricity (+4.1%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index fell 0.1% in September following a 0.1% decrease in August. Items recording lower prices over the one-month period include inter-city transportation (-16.1%), the purchase and leasing of passenger vehicles (-1.3%), fresh fruit (-5.4%), gasoline (-1.1%), as well as traveller accommodation (-4.4%). These declines were offset by higher prices in women's clothing (+6.9%), tuition fees (+5.9%), telephone services (+2.6%), men's clothing (+4.3%), and fresh vegetables (+3.2%). The Canada all-items index fell 0.4% following a 0.1% increase in August (table 1). Contact: David Desrochers david.desrochers@gov.mb.ca Stay tuned for highlighted information on our public website at http://www.gov.mb.ca/mbs
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 3 Table 1: Consumer Price Indices for September 2018 By Component: Manitoba And Canada Manitoba Canada Sep. Aug. Sep. Aug. 18 Sep. 17 Sep. Aug. Sep. Aug. 18 Sep. 17 2017 2018 2018 to to 2017 2018 2018 to to Sep. 18 Sep. 18 Sep. 18 Sep. 18 (2002 = 100) % change (2002 = 100) % change Main components All-items 130.9 134.2 134.0-0.1 2.4 130.8 134.2 133.7-0.4 2.2 Food 143.2 144.7 143.9-0.6 0.5 142.4 145.9 144.9-0.7 1.8 Shelter 144.8 149.5 149.8 0.2 3.5 138.1 141.2 141.5 0.2 2.5 Household operations, furnishings 121.1 121.1 121.5 0.3 0.3 121.4 122.9 123.0 0.1 1.3 and equipment Clothing and footwear 92.9 91.5 94.4 3.2 1.6 94.6 93.7 96.0 2.5 1.5 Transportation 129.8 138.0 135.2-2.0 4.2 133.2 141.3 138.4-2.1 3.9 Health and personal care 116.8 119.7 119.5-0.2 2.3 124.5 126.7 126.1-0.5 1.3 Recreation, education and reading 112.6 113.4 114.3 0.8 1.5 116.2 117.5 117.0-0.4 0.7 Alcoholic beverages and tobacco 181.7 186.2 187.4 0.6 3.1 162.5 169.5 169.7 0.1 4.4 products Special aggregates All-items excluding food 128.5 132.1 132.0-0.1 2.7 128.5 131.9 131.5-0.3 2.3 All-items excluding food and energy 127.0 129.6 129.5-0.1 2.0 125.8 128.5 128.1-0.3 1.8 Energy 140.3 155.4 154.6-0.5 10.2 154.5 167.2 166.3-0.5 7.6 Goods 118.3 121.0 120.8-0.2 2.1 118.8 121.4 121.1-0.2 1.9 Services 145.1 149.2 148.9-0.2 2.6 142.8 147.1 146.3-0.5 2.5 Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Reelase date:
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 4 Table 2: Consumer Price Indices for September 2018 By Province: All-Items and Food All-items Food Sep. Aug. Sep. Aug. 18 Sep. 17 Sep. Aug. Sep. Aug. 18 Sep. 17 2017 2018 2018 to to 2017 2018 2018 to to Sep. 18 Sep. 18 Sep. 18 Sep. 18 (2002 = 100) % change (2002 = 100) % change Mantioba 130.9 134.2 134.0-0.1 2.4 143.2 144.7 143.9-0.6 0.5 Western Provinces Saskatchewan 134.9 137.6 137.3-0.2 1.8 147.2 147.1 146.6-0.3-0.4 Alberta 137.0 141.6 141.1-0.4 3.0 142.1 144.5 144.4-0.1 1.6 British Columbia 125.7 129.6 128.9-0.5 2.5 138.0 141.3 140.4-0.6 1.7 Eastern Provinces Ontario 132.3 135.9 135.2-0.5 2.2 142.8 148.1 146.7-0.9 2.7 Quebec 127.1 129.5 129.3-0.2 1.7 142.7 144.9 144.2-0.5 1.1 Maritime Provinces New Brunswick 131.6 134.7 134.2-0.4 2.0 148.1 151.8 150.6-0.8 1.7 Nova Scotia 133.3 136.2 135.5-0.5 1.7 148.4 149.9 148.0-1.3-0.3 Prince Edward Island 133.7 137.6 136.0-1.2 1.7 146.2 149.4 146.6-1.9 0.3 Newfoundland and Labrador 136.4 138.9 138.3-0.4 1.4 145.2 147.0 145.4-1.1 0.1 * Manitoba Rank 10 8 6 t 5 * Ranking is done in ascending order from the lowest to the highest Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Release date:
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 5 Table 3: Percent Change Comparisons of Consumer Price Indices for September 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 2.4 2.2 0.9 0.3 2.6 2.2 Food 0.5 1.8 4.9-1.9 1.7 1.7 Shelter 3.5 2.5 2.7 2.9 3.0 1.8 Household operations, furnishings 0.3 1.3 4.7 1.3-0.1 0.7 and equipment Clothing and footwear 1.6 1.5 7.1 7.9 0.7 0.6 Transportation 4.2 3.9-10.5-5.8 5.8 5.2 Health and personal care 2.3 1.3 2.4-0.6 2.0 1.5 Recreation, education and reading 1.5 0.7 6.9 4.9 1.3 1.1 Alcoholic beverages and tobacco 3.1 4.4 1.7 1.9 3.2 3.8 products Special aggregates All-items excluding food 2.7 2.3 0.3 0.9 2.8 2.3 All-items excluding food and energy 2.0 1.8 1.6 0.9 2.0 1.8 Energy 10.2 7.6-12.6-2.1 10.9 7.6 Goods 2.1 1.9-1.6-2.0 2.9 1.9 Services 2.6 2.5 3.3 2.2 2.3 2.5 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 18-10-0004-01 (formerly CANSIM 326-0020) Release date:
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 6 Table 4: Consumer Price Indices for September 2018 By City: All-Items All-items All-items: 12-month average (1) (2) Sep. Aug. Sep. Aug. 18 Sep. 17 Oct.16 Oct.17 12-month 2017 2018 2018 to to to to annual Sep. 18 Sep. 18 Sep.17 Sep.18 rate (2002 = 100) % change (2002 = 100) % change Winnipeg 130.6 133.7 133.5-0.1 2.2 129.5 132.7 2.5 Western Cities Regina 135.7 138.5 138.1-0.3 1.8 134.1 137.9 2.8 Saskatoon 135.4 138.1 137.8-0.2 1.8 133.9 137.6 2.8 Calgary 136.7 141.8 141.2-0.4 3.3 136.4 140.0 2.6 Edmonton 137.6 142.1 141.4-0.5 2.8 137.1 140.4 2.4 Vancouver 128.3 132.2 131.7-0.4 2.7 126.5 130.1 2.9 Victoria 123.6 127.1 126.6-0.4 2.4 122.5 125.0 2.0 Eastern Cities Thunder Bay 126.1 129.1 128.6-0.4 2.0 125.5 127.6 1.7 Toronto 134.4 137.9 137.4-0.4 2.2 133.0 136.3 2.4 Ottawa 130.3 134.1 133.4-0.5 2.4 129.5 132.4 2.2 Montréal 127.6 130.0 129.9-0.1 1.8 126.8 129.0 1.7 Québec 127.0 129.0 128.9-0.1 1.5 126.4 128.3 1.5 Maritime Cities Saint John, N.B. 131.5 134.6 134.0-0.4 1.9 130.3 133.3 2.3 Halifax 132.2 134.9 134.2-0.5 1.5 130.8 133.3 2.0 Charlottetown 133.1 137.1 135.5-1.2 1.8 132.0 135.1 2.4 St. John'S, Nfld 136.1 138.3 137.7-0.4 1.2 134.9 137.0 1.6 * Winnipeg Rank 10 8 12 * 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 18-10-0004-01 (formerly CANSIM 326-0020) Release date: