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% 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 2018 12-month change (%) 3.5 3.0 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.18 Manitoba Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) 2.0 2.1 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 18-10-0004-01 (formerly CANSIM 326-0020) 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, D e c e m b e r 2 0 1 8 2 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 2018. 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 2018 12-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 18-10-0004-01 (formerly CANSIM 326-0020) Top contributors, 12-month change 1.4 1.3 1.2 1.1 2.4 2.1 3.3 3.1 3.1 0.0 1.0 2.0 3.0 4.0 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 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, D e c e m b e r 2 0 1 8 3 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. 17 2017 2018 2018 to to 2017 2018 2018 to to Dec. 18 Dec. 18 Dec. 18 Dec. 18 (2002 = 100) % change (2002 = 100) % change Main components All-items 131.5 134.3 134.3 0.0 2.1 130.8 133.5 133.4-0.1 2.0 Food 141.7 145.5 146.4 0.6 3.3 143.4 146.1 147.5 1.0 2.9 Shelter 146.5 151.0 151.1 0.1 3.1 139.2 142.3 142.3 0.0 2.2 Household operations, furnishings 120.2 122.4 121.7-0.6 1.2 120.9 123.8 123.4-0.3 2.1 and equipment Clothing and footwear 90.0 94.6 92.2-2.5 2.4 92.4 95.9 92.6-3.4 0.2 Transportation 133.5 133.9 135.0 0.8 1.1 135.7 137.1 138.0 0.7 1.7 Health and personal care 117.8 118.4 119.3 0.8 1.3 124.4 125.1 125.6 0.4 1.0 Recreation, education and reading 111.8 114.6 113.4-1.0 1.4 111.2 114.3 112.9-1.2 1.5 Alcoholic beverages and tobacco 181.2 187.3 186.9-0.2 3.1 162.2 169.9 169.3-0.4 4.4 products Special aggregates All-items excluding food 129.4 132.1 131.9-0.2 1.9 128.4 131.0 130.7-0.2 1.8 All-items excluding food and energy 127.8 130.5 130.8 0.2 2.3 125.6 128.4 128.5 0.1 2.3 Energy 142.5 144.2 139.5-3.3-2.1 155.8 155.8 150.1-3.7-3.7 Goods 118.7 120.3 119.6-0.6 0.8 119.4 120.5 119.6-0.7 0.2 Services 145.9 150.1 150.9 0.5 3.4 142.3 146.6 147.3 0.5 3.5 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, D e c e m b e r 2 0 1 8 4 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. 17 2017 2018 2018 to to 2017 2018 2018 to to Dec. 18 Dec. 18 Dec. 18 Dec. 18 (2002 = 100) % change (2002 = 100) % change Mantioba 131.5 134.3 134.3 0.0 2.1 141.7 145.5 146.4 0.6 3.3 Western Provinces Saskatchewan 135.9 137.9 137.4-0.4 1.1 146.3 148.1 149.5 0.9 2.2 Alberta 137.6 140.7 140.5-0.1 2.1 142.2 145.3 145.6 0.2 2.4 British Columbia 125.2 128.9 129.0 0.1 3.0 138.3 140.9 142.1 0.9 2.7 Eastern Provinces Ontario 132.0 135.1 135.0-0.1 2.3 144.3 148.0 150.2 1.5 4.1 Quebec 127.5 128.9 128.9 0.0 1.1 144.3 145.6 147.2 1.1 2.0 Maritime Provinces New Brunswick 132.1 134.1 133.3-0.6 0.9 149.4 151.4 151.4 0.0 1.3 Nova Scotia 132.8 135.6 134.9-0.5 1.6 148.5 149.0 149.4 0.3 0.6 Prince Edward Island 133.5 136.1 135.3-0.6 1.3 145.4 148.2 149.0 0.5 2.5 Newfoundland and Labrador 136.2 137.8 136.9-0.7 0.5 144.7 145.1 143.9-0.8-0.6 * 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 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, D e c e m b e r 2 0 1 8 5 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 2.1 2.0 0.9-0.9 2.5 2.3 Food 3.3 2.9 7.1 7.4 1.5 1.9 Shelter 3.1 2.2 3.5 2.3 3.1 2.1 Household operations, furnishings 1.2 2.1 0.7 1.3 0.1 1.0 and equipment Clothing and footwear 2.4 0.2-9.0-13.4 1.5 0.9 Transportation 1.1 1.7-0.6-1.2 5.0 4.7 Health and personal care 1.3 1.0-0.7-1.6 1.8 1.4 Recreation, education and reading 1.4 1.5-3.1-13.3 1.5 1.1 Alcoholic beverages and tobacco 3.1 4.4-1.1-0.9 3.4 4.3 products Special aggregates All-items excluding food 1.9 1.8-0.3-2.4 2.7 2.3 All-items excluding food and energy 2.3 2.3 4.1 1.3 2.1 1.9 Energy -2.1-3.7-33.7-33.6 9.4 6.7 Goods 0.8 0.2-3.9-4.9 2.5 1.8 Services 3.4 3.5 5.5 2.8 2.5 2.6 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, D e c e m b e r 2 0 1 8 6 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.18 12-month 2017 2018 2018 to to to to annual Dec. 18 Dec. 18 Dec.17 Dec.18 rate (2002 = 100) % change (2002 = 100) % change Winnipeg 131.1 133.8 133.7-0.1 2.0 130.2 133.3 2.4 Western Cities Regina 136.9 138.7 138.1-0.4 0.9 135.2 138.4 2.4 Saskatoon 136.5 138.5 138.0-0.4 1.1 135.0 138.1 2.3 Calgary 137.6 140.7 140.5-0.1 2.1 137.1 140.8 2.6 Edmonton 138.0 140.9 140.7-0.1 2.0 137.8 141.1 2.4 Vancouver 127.8 131.4 131.7 0.2 3.1 127.3 131.0 2.9 Victoria 122.6 126.5 126.5 0 3.2 123.0 125.9 2.3 Eastern Cities Thunder Bay 125.5 128.3 128.1-0.2 2.1 125.8 128.2 1.9 Toronto 134.0 137.4 137.5 0.1 2.6 133.7 137.1 2.5 Ottawa 130.1 133.4 133.4 0.0 2.5 129.9 133.2 2.5 Montréal 127.9 129.5 129.7 0.2 1.4 127.3 129.5 1.7 Québec 127.2 128.3 128.3 0.0 0.9 126.8 128.6 1.4 Maritime Cities Saint John, N.B. 132.0 134.0 133.2-0.6 0.9 131.1 133.9 2.1 Halifax 131.5 134.3 133.5-0.6 1.5 131.2 134.0 2.1 Charlottetown 132.8 135.4 134.7-0.5 1.4 132.5 135.7 2.4 St. John'S, Nfld 135.7 137.2 136.4-0.6 0.5 135.3 137.4 1.5 * 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 18-10-0004-01 (formerly CANSIM 326-0020) Release date: