MBS Reports C o n s u m e r P r i c e I n d e x, M a r c h 2 0 1 9 1 Consumer Price Index M a r c h 2 0 1 9 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.3% on a year-overyear basis in March, up from the February annual rate of 2.0%. Canada's CPI grew 1.9% on a year-over-year basis in March, up from its February rate of 1.5%. Manitoba second highest among provinces Manitoba's annual inflation rate of 2.3% in March was the second highest rate among the provinces. British Columbia recorded the highest increase at 2.6%, while Prince Edward Island recorded the lowest rate at 1.0%. The Winnipeg allitems increase was 2.2% in March, up from its annual rate of 1.8% recorded in February. Consumer Price Index (CPI), Manitoba and Canada, March 2019 3.5 3.0 2.5 2.0 1.5 1.0 0.5 CPI, Canada and provinces, March 2019 12-month change (%) 2.5 2.0 1.5 1.0 0.5 12-month change (%) 0.0 Mar.17 Sep.17 Mar.18 Sep.18 Mar.19 Manitoba Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) 1.9 2.3 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 NS NB QC ON SK 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, M a r c h 2 0 1 9 2 Manitoba consumer prices above average in five of the eight major components Manitoba CPI, by major components, March 2019 12-month change (%) Food Shelter Clothing and footwear All-Items Transportation Household ops., furnishings and equip. Alcoholic bev. and tobacco prod. Recreation, education and reading Health and personal care 0.6 0.3 Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Top contributors, 12-month change 1.7 2.4 2.3 2.3 2.2 3.4 3.1 0.0 1.0 2.0 3.0 4.0 Manitoba prices grew in all eight major components in the 12 months ending in March 2019. As well, three of the major components were above Manitoba's all-items increase of 2.3%. Leading all major component growth was in Food prices; up 3.4% in the 12 months ending in March after increasing 3.8% in February. Shelter costs (Manitoba s largest weighted component) rose 3.1% in March from the 3.0% increase in the previous month (Shelter costs have increased 3% or more since June 2018). Clothing and footwear prices continue to grow; up 2.4% in the 12 months ending in March. This comes after prices rose 1.6% in February and fell 0.4% in January. Transportation prices had the largest change of all major components in March; up 2.3% on a year-overyear basis, after recoding marginal growth of 0.2% in February. Household operations, furnishings and equipment prices rose 2.2% in March after increasing 2.0% in February. Price increases for Alcoholic beverages and tobacco products have slowed to 1.7% growth in March, after increasing by 3% or more since September 2018. Recreation, education and reading prices rose 0.6% in March, after averaging 1.6% since November 2018. Prices for Health and personal care products were up 0.3% in March after increasing 0.4% in February. Between March 2018 and March 2019, Manitoba saw lower prices for traveller accommodation (-13.1%), recreational equipment and services (excluding recreational vehicles) (-5.6%), prescribed medicines (excluding medicinal cannabis) (-5.8%), as well as home entertainment equipment, parts and services (-6.3%). These declines were offset by higher prices for the purchase and leasing of passenger vehicles (+3.3%), video and audio subscription services (+19.2%), telephone services (+7.1%), and fresh vegetables (+17.0%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index rose 0.7% in March following a 0.8% increase in February. Items recording lower prices over the one-month period include telephone services (-2.1%), the purchase and leasing of passenger vehicles (-0.4%), recreational equipment and services (excluding recreational vehicles) (-2.0%), beer purchased from stores (-6.0%), as well as processed meat (-2.0%). These declines were offset by higher prices in gasoline (+11.0%), women's clothing (+4.4%), passenger vehicle insurance premiums (+1.9%), children's clothing (+9.2%), and men's clothing (+3.0%). The Canada all-items index rose 0.7% following a 0.7% increase in February (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, M a r c h 2 0 1 9 3 Table 1: Consumer Price Indices for March 2019 By Component: Manitoba And Canada Manitoba Canada Mar. Feb. Mar. Feb. 19 Mar. 18 Mar. Feb. Mar. Feb. 19 Mar. 18 2018 2019 2019 to to 2018 2019 2019 to to Mar. 19 Mar. 19 Mar. 19 Mar. 19 (2002 = 100) % change (2002 = 100) % change Main components All-items 133.0 135.2 136.1 0.7 2.3 132.9 134.5 135.4 0.7 1.9 Food 142.6 147.7 147.5-0.1 3.4 144.2 149.3 149.4 0.1 3.6 Shelter 147.1 151.3 151.7 0.3 3.1 140.0 143.4 143.8 0.3 2.7 Household operations, furnishings 119.5 122.7 122.1-0.5 2.2 122.9 123.6 123.5-0.1 0.5 and equipment Clothing and footwear 94.4 93.3 96.7 3.6 2.4 95.0 94.8 96.4 1.7 1.5 Transportation 135.4 135.7 138.5 2.1 2.3 138.0 137.9 140.6 2.0 1.9 Health and personal care 119.7 119.4 120.0 0.5 0.3 126.3 126.4 126.6 0.2 0.2 Recreation, education and reading 114.8 115.2 115.5 0.3 0.6 116.4 115.2 116.6 1.2 0.2 Alcoholic beverages and tobacco 185.0 189.0 188.1-0.5 1.7 166.0 170.9 170.9 0.0 3.0 products Special aggregates All-items excluding food 131.0 132.8 133.8 0.8 2.1 130.6 131.7 132.7 0.8 1.6 All-items excluding food and energy 129.3 131.6 132.0 0.3 2.1 127.6 129.6 130.0 0.3 1.9 Energy 144.9 141.2 149.4 5.8 3.1 161.0 150.1 159.1 6.0-1.2 Goods 120.2 121.5 122.7 1.0 2.1 120.9 121.4 122.7 1.1 1.5 Services 147.3 150.5 150.9 0.3 2.4 144.9 147.6 148.1 0.3 2.2 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, M a r c h 2 0 1 9 4 Table 2: Consumer Price Indices for March 2019 By Province: All-Items and Food All-items Food Mar. Feb. Mar. Feb. 19 Mar. 18 Mar. Feb. Mar. Feb. 19 Mar. 18 2018 2019 2019 to to 2018 2019 2019 to to Mar. 19 Mar. 19 Mar. 19 Mar. 19 (2002 = 100) % change (2002 = 100) % change Mantioba 133.0 135.2 136.1 0.7 2.3 142.6 147.7 147.5-0.1 3.4 Western Provinces Saskatchewan 136.8 138.5 139.2 0.5 1.8 146.5 151.3 150.3-0.7 2.6 Alberta 139.9 142.0 143.1 0.8 2.3 143.1 147.8 148.2 0.3 3.6 British Columbia 127.4 129.8 130.7 0.7 2.6 138.6 143.4 144.5 0.8 4.3 Eastern Provinces Ontario 134.6 136.0 137.0 0.7 1.8 146.0 151.9 151.9 0.0 4.0 Quebec 128.7 130.2 131.0 0.6 1.8 144.4 149.0 148.8-0.1 3.0 Maritime Provinces New Brunswick 133.8 134.7 135.9 0.9 1.6 150.0 154.1 154.8 0.5 3.2 Nova Scotia 135.0 135.7 136.8 0.8 1.3 148.7 151.7 151.8 0.1 2.1 Prince Edward Island 135.6 135.9 137.0 0.8 1.0 146.2 150.2 151.0 0.5 3.3 Newfoundland and Labrador 137.5 138.0 139.1 0.8 1.2 145.6 146.9 147.7 0.5 1.4 * Manitoba Rank 3 t 8 t 2 t 7 * 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, M a r c h 2 0 1 9 5 Table 3: Percent Change Comparisons of Consumer Price Indices for March 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 2.3 1.9 5.5 6.1 2.4 2.2 Food 3.4 3.6 3.0 5.3 1.7 2.1 Shelter 3.1 2.7 1.6 4.3 3.2 2.3 Household operations, furnishings 2.2 0.5 1.3 0.3 0.8 0.9 and equipment Clothing and footwear 2.4 1.5 21.0 17.5 1.7 1.1 Transportation 2.3 1.9 10.8 7.8 3.9 3.7 Health and personal care 0.3 0.2 2.4 3.2 1.2 1.0 Recreation, education and reading 0.6 0.2 7.6 13.8 1.5 1.1 Alcoholic beverages and tobacco 1.7 3.0 2.6 3.8 3.2 4.4 products Special aggregates All-items excluding food 2.1 1.6 5.9 6.3 2.6 2.1 All-items excluding food and energy 2.1 1.9 3.7 4.8 2.1 2.0 Energy 3.1-1.2 31.6 26.2 7.6 4.2 Goods 2.1 1.5 10.8 10.8 2.2 1.6 Services 2.4 2.2 0.0 2.2 2.7 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, M a r c h 2 0 1 9 6 Table 4: Consumer Price Indices for March 2019 By City: All-Items All-items All-items: 12-month average (1) (2) Mar. Feb. Mar. Feb. 19 Mar. 18 Apr.17 Apr.18 12-month 2018 2019 2019 to to to to annual Mar. 19 Mar. 19 Mar.18 Mar.19 rate (2002 = 100) % change (2002 = 100) % change Winnipeg 132.6 134.6 135.5 0.7 2.2 130.9 133.9 2.3 Western Cities Regina 137.8 139.3 140.0 0.5 1.6 136.2 138.8 1.9 Saskatoon 137.5 139.0 139.7 0.5 1.6 135.9 138.5 1.9 Calgary 140.0 142.0 143.0 0.7 2.1 137.8 141.3 2.5 Edmonton 140.4 142.2 143.3 0.8 2.1 138.5 141.6 2.3 Vancouver 130.1 132.4 133.3 0.7 2.5 128.2 131.8 2.7 Victoria 124.9 127.4 128.3 0.7 2.7 123.6 126.7 2.5 Eastern Cities Thunder Bay 128.1 128.6 129.7 0.9 1.2 126.3 128.6 1.8 Toronto 136.7 138.6 139.5 0.6 2.0 134.6 137.7 2.4 Ottawa 132.7 134.3 135.0 0.5 1.7 130.6 133.7 2.3 Montréal 129.1 130.9 131.6 0.5 1.9 127.9 130.0 1.7 Québec 128.4 129.3 129.9 0.5 1.2 127.2 128.9 1.3 Maritime Cities Saint John, N.B. 133.7 134.7 136.0 1.0 1.7 131.8 134.4 1.9 Halifax 133.8 134.5 135.5 0.7 1.3 131.9 134.4 1.9 Charlottetown 134.9 135.3 136.4 0.8 1.1 133.3 135.9 1.9 St. John'S, Nfld 137.0 137.5 138.4 0.7 1.0 135.8 137.6 1.3 * Winnipeg Rank 3 t 8 t 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: