MBS Reports C o n s u m e r P r i c e I n d e x, F e b r u a r y 2 0 1 9 1 Consumer Price Index F e b r u a r y 2 0 1 9 Highlights The Manitoba all-items Consumer Price Index (CPI) increased % on a year-overyear basis in February, up from the January annual rate of 1.4%. Canada's CPI grew % on a year-over-year basis in February, up from its January rate of 1.4%. Manitoba second highest among provinces Manitoba's annual inflation rate of % in February was the second highest rate among the provinces. British Columbia recorded the highest increase at 2.2%, while Prince Edward Island recorded the lowest rate at 0.4%. The Winnipeg allitems increase was 2.3% in February, up from its annual rate of 1.3% recorded in January. Consumer Price Index (CPI), Manitoba and Canada, February 2019 12-month change (%) 3.5 3.0 2.5 1.0 0.5 CPI, Canada and provinces, February 2019 12-month change (%) 2.5 1.0 0.5 0.0 Feb.17 Aug.17 Feb.18 Aug.18 Feb.19 Manitoba Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) 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 PE NL NB NS QC SK ON CA AB MB 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, F e b r u a r y 2 0 1 9 2 Manitoba consumer prices above average in five of the eight major components Manitoba prices grew in all eight major components in the 12 months ending in February 2019. As well, three of the major components were above Manitoba's all-items increase of %. Leading all major component growth was in Food prices, up 3.8% in the 12 months ending in February after increasing 2.6% in January. Prices for Alcoholic beverages and tobacco products were up 3.2% in February and have held steady since increasing 3.0% on a year-over-year basis in November 2018. Shelter costs (Manitoba s largest weighted component), were up 3.0% in February, after increasing 3.2% in the previous month, and peaking at 3.5% in September 2018. Household operations, furnishings and equipment prices Manitoba CPI, by major components, February 2019 12-month change (%) Food Alcoholic bev. and tobacco prod. Shelter All-Items Household ops., furnishings and equip. Clothing and footwear Recreation, education and reading Health and personal care Transportation 0.4 0.2 1.6 Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) 3.2 3.0 3.8 0.0 1.0 3.0 4.0 were up % in February after increasing 2.2% in January. Clothing and footwear prices were up 1.6% in February, after prices fell 0.4% in the 12 months ending in January; the largest point change among major components since last month. Recreation, education and reading prices remained steady, up % in February, after prices rose 1.6% last month. Prices for Health and personal care products were up 0.4% in February after increasing 0.3% in January. For the fourth consecutive month, Transportation prices in February had the lowest price change of all major components, up 0.2% on a year-overyear basis. Top contributors, 12-month change Between February 2018 and February 2019, Manitoba saw lower prices for gasoline (-6.4%), travel tours, recreational equipment and services (excluding recreational vehicles) (-3.8%), traveller accommodation (-7.1%), as well as prescribed medicines (excluding medicinal cannabis) (-5.9%). These declines were offset by higher prices for video and audio subscription services (+19.2%), the purchase and leasing of passenger vehicles (+%), telephone services (+5.9%), and food purchased from restaurants (+2.5%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index rose 0.8% in February following a 0.1% drop in January. Items recording lower prices over the one-month period include rent (-1.7%), sugar and confectionery (-6.9%), internet access services (200212=100) (-1.6%), fresh or frozen chicken (-3.4%), as well as non-alcoholic beverages (-2.8%). These declines were offset by higher prices in gasoline (+8.1%), the purchase and leasing of passenger vehicles (+%), footwear (+5.3%), and dairy products (+3.5%). The Canada all-items index rose 0.7% following a 0.1% increase in January (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, F e b r u a r y 2 0 1 9 3 Table 1: Consumer Price Indices for February 2019 By Component: Manitoba And Canada Manitoba Canada Feb. Jan. Feb. Jan. 19 Feb. 18 Feb. Jan. Feb. Jan. 19 Feb. 18 2018 2019 2019 to to 2018 2019 2019 to to Feb. 19 Feb. 19 Feb. 19 Feb. 19 (2002 = 100) % change (2002 = 100) % change Main components All-items 132.6 134.1 135.2 0.8 132.5 133.6 134.5 0.7 Food 142.3 147.0 147.7 0.5 3.8 144.7 148.7 149.3 0.4 3.2 Shelter 146.9 15 151.3-0.1 3.0 140.0 143.0 143.4 0.3 2.4 Household operations, furnishings 120.3 122.1 122.7 0.5 123.4 123.3 123.6 0.2 0.2 and equipment Clothing and footwear 91.8 91.4 93.3 2.1 1.6 93.3 92.2 94.8 2.8 1.6 Transportation 135.4 133.3 135.7 1.8 0.2 137.7 136.6 137.9 1.0 0.1 Health and personal care 118.9 119.1 119.4 0.3 0.4 125.6 125.9 126.4 0.4 0.6 Recreation, education and reading 113.5 113.4 115.2 1.6 114.1 113.3 115.2 1.7 1.0 Alcoholic beverages and tobacco 183.2 188.3 189.0 0.4 3.2 164.1 170.6 170.9 0.2 4.1 products Special aggregates All-items excluding food 130.6 131.6 132.8 0.9 1.7 130.1 130.7 131.7 0.8 1.2 All-items excluding food and energy 129.0 130.8 131.6 0.6 127.1 128.6 129.6 0.8 Energy 143.1 135.1 141.2 4.5-1.3 159.1 148.5 150.1 1.1-5.7 Goods 119.9 119.5 12 1.7 1.3 120.7 120.0 121.4 1.2 0.6 Services 146.8 150.3 150.5 0.1 2.5 144.3 147.1 147.6 0.3 2.3 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, F e b r u a r y 2 0 1 9 4 Table 2: Consumer Price Indices for February 2019 By Province: All-Items and Food All-items Food Feb. Jan. Feb. Jan. 19 Feb. 18 Feb. Jan. Feb. Jan. 19 Feb. 18 2018 2019 2019 to to 2018 2019 2019 to to Feb. 19 Feb. 19 Feb. 19 Feb. 19 (2002 = 100) % change (2002 = 100) % change Mantioba 132.6 134.1 135.2 0.8 142.3 147.0 147.7 0.5 3.8 Western Provinces Saskatchewan 136.7 137.4 138.5 0.8 1.3 146.0 151.1 151.3 0.1 3.6 Alberta 139.7 140.5 14 1.1 1.6 143.0 146.8 147.8 0.7 3.4 British Columbia 127.0 129.1 129.8 0.5 2.2 139.3 143.4 143.4 0.0 2.9 Eastern Provinces Ontario 134.0 135.2 136.0 0.6 146.6 151.6 151.9 0.2 3.6 Quebec 128.5 129.1 130.2 0.9 1.3 145.2 147.8 149.0 0.8 2.6 Maritime Provinces New Brunswick 133.5 134.0 134.7 0.5 0.9 150.3 154.1 154.1 0.0 2.5 Nova Scotia 134.4 135.0 135.7 0.5 1.0 150.0 152.1 151.7-0.3 1.1 Prince Edward Island 135.4 135.0 135.9 0.7 0.4 147.5 151.3 150.2-0.7 1.8 Newfoundland and Labrador 137.3 137.0 138.0 0.7 0.5 145.8 147.2 146.9-0.2 0.8 * Manitoba Rank 7 t 9 8 10 * 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, F e b r u a r y 2 0 1 9 5 Table 3: Percent Change Comparisons of Consumer Price Indices for February 2019 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 2.7 3.0 2.4 2.2 Food 3.8 3.2 6.2 9.1 1.6 Shelter 3.0 2.4 0.8 3.1 3.1 2.2 Household operations, furnishings 0.2 1.0-0.6 0.6 0.9 and equipment Clothing and footwear 1.6 1.6-5.4-4.5 1.6 1.0 Transportation 0.2 0.1 5.5 2.4 4.2 4.0 Health and personal care 0.4 0.6 3.4 4.2 1.4 1.2 Recreation, education and reading 1.0 2.1 3.2 1.6 1.2 Alcoholic beverages and tobacco 3.2 4.1 3.7 2.4 3.4 4.5 products Special aggregates All-items excluding food 1.7 1.2 2.1 2.2 2.6 2.2 All-items excluding food and energy 3.4 3.8 2.1 Energy -1.3-5.7-8.1-13.9 7.9 4.9 Goods 1.3 0.6 4.1 3.0 2.2 1.6 Services 2.5 2.3 1.1 2.8 2.6 2.7 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, F e b r u a r y 2 0 1 9 6 Table 4: Consumer Price Indices for February 2019 By City: All-Items All-items All-items: 12-month average (1) (2) Feb. Jan. Feb. Jan. 19 Feb. 18 Mar.17 Mar.18 12-month 2018 2019 2019 to to to to annual Feb. 19 Feb. 19 Feb.18 Feb.19 rate (2002 = 100) % change (2002 = 100) % change Winnipeg 132.2 133.6 134.6 0.7 1.8 130.7 133.7 2.3 Western Cities Regina 137.7 138.0 139.3 0.9 1.2 135.8 138.6 Saskatoon 137.4 138.2 139.0 0.6 1.2 135.6 138.3 Calgary 139.8 140.7 14 0.9 1.6 137.6 141.1 2.6 Edmonton 140.2 140.7 142.2 1.1 1.4 138.2 141.3 2.3 Vancouver 129.6 131.7 132.4 0.5 2.2 127.9 13 2.8 Victoria 124.5 126.7 127.4 0.6 2.3 123.4 126.4 2.4 Eastern Cities Thunder Bay 127.3 127.9 128.6 0.5 1.0 126.1 128.5 1.9 Toronto 136.0 137.7 138.6 0.7 1.9 134.2 137.5 2.4 Ottawa 132.1 133.5 134.3 0.6 1.7 130.4 133.5 2.4 Montréal 128.9 129.8 130.9 0.8 1.6 127.7 129.8 1.6 Québec 128.1 128.4 129.3 0.7 0.9 127.1 128.7 1.3 Maritime Cities Saint John, N.B. 133.4 134.4 134.7 0.2 1.0 131.6 134.2 Halifax 133.1 133.5 134.5 0.7 1.1 131.6 134.2 Charlottetown 134.7 134.3 135.3 0.7 0.4 133.0 135.8 St. John'S, Nfld 136.8 136.4 137.5 0.8 0.5 135.6 137.4 1.4 * Winnipeg Rank 7 t 9 10 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: