MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u n e 2 0 1 8 1 Consumer Price Index report J u n e 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) rose 2.7% on a year-over-year basis in June, unchanged from the May annual rate of 2.7%. Canada's CPI grew 2.5% on a year-over-year basis in June, up from its May rate of 2.2%. Consumer Price Index (CPI), Manitoba and Canada 12-month change (%) 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Jun.16 Dec.16 Jun.17 Dec.17 Jun.18 Manitoba Canada Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Manitoba third highest among provinces Manitoba's annual inflation rate of 2.7% in June was the third highest rate among the provinces. Prince Edward Island recorded the highest increase at 2.9%, while Quebec recorded the lowest rate at 2.0%. The Winnipeg all-items increase was 2.5% in June, unchanged from an annual rate of 2.5% recorded in May (table 4). CPI, Canada and provinces, June 2018 12-month change (%) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 2.5 2.7 QC NS NB NL ON CA BC SK MB AB PE 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 R e p o r t, J u n e 2 0 1 8 2 Manitoba consumer prices above average in four of the eight major components Manitoba prices were positive in six of the eight major components in the 12 months ending in June 2018. As well, four of the major components were above the all-items increase of 2.7%. Consumer prices for Transportation continued to lead all major component growth, up 7.8% over the previous year after increasing 6.8% in May. Prices for Alcoholic beverages and tobacco products saw the second largest increase at 4.9% in June after increasing from 3.2% in May. Manitoba s largest weighted price component, Shelter, continues to outpace the Manitoba all-items increase, up 3.4% in June, following a 2.9% increase in May. Consumer prices for Clothing and footwear rose 3.1% in June after falling nearly four percentage points to 1.0% in May. Health and personal care prices grew 1.7% in June after Manitoba CPI, by major components, June 2018 increasing 1.5% in May. Recreation education and reading prices saw a marginal in- 12-month change (%) Transportation crease of 0.4% in June after a 2.3% rise in Alcoholic bev. and tobacco prod. May. Two of Manitoba s eight major components saw a contraction in prices this Shelter Clothing and footwear All-Items month: Food prices declined 0.1% in the 12 Health and personal care months ending in June after increasing 0.9% Recreation, education and reading in May, as well as Household operations, Food furnishings and equipment prices fell 1.4% Household ops., furnishings and equip. in June after increasing 0.6% in May. -2.0 0.0 2.0 4.0 6.0 8.0 Source: Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Top contributors, 12-month change Between June 2017 and June 2018, Manitoba saw lower prices for telephone services (-16.9%), fresh vegetables (-8.0%), traveller accommodation (-6.0%), as well as natural gas (-5.2%), recreational equipment and services (excluding recreational vehicles) (-2.2%), as well as fresh or frozen pork (-8.8%). The declines were offset by higher prices for gasoline (+36.9%), electricity (+7.6%), inter-city transportation (+12.3%), and the purchase and leasing of passenger vehicles (+1.4%). Top contributors, 1-month change On a monthly basis (table 1), the Manitoba all-items index was unchanged in June following a 0.2% decrease in May. Items recording lower prices over the one-month period include telephone services (-3.1%), fresh or frozen chicken (-6.8%), footwear (-2.2%), as well as men's clothing (-2.0%). These declines were offset by higher prices in the purchase and leasing of passenger vehicles (+1.5%), electricity (+4.1%), inter-city transportation (+4.9%), and fresh vegetables (+4.9%). The Canada all-items index rose 0.1% following a 0.1% increase in May (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 R e p o r t, J u n e 2 0 1 8 3 Table 1: Consumer Price Indices for June 2018 By Component: Manitoba And Canada Manitoba Canada Jun. May Jun. May 18 Jun. 17 Jun. May Jun. May 18 Jun. 17 2017 2018 2018 to to 2017 2018 2018 to to Jun. 18 Jun. 18 Jun. 18 Jun. 18 (2002 = 100) % change (2002 = 100) % change Main components All-items 130.2 133.7 133.7 0.0 2.7 130.4 133.4 133.6 0.1 2.5 Food 142.4 142.3 142.2-0.1-0.1 143.6 144.6 145.6 0.7 1.4 Shelter 143.9 147.8 148.8 0.7 3.4 137.8 140.4 140.5 0.1 2.0 Household operations, furnishings 121.8 121.3 120.1-1.0-1.4 122.7 122.8 122.6-0.2-0.1 and equipment Clothing and footwear 90.0 94.3 92.8-1.6 3.1 92.5 95.4 94.2-1.3 1.8 Transportation 129.0 137.6 139.0 1.0 7.8 131.8 139.7 140.5 0.6 6.6 Health and personal care 116.8 118.7 118.8 0.1 1.7 124.4 125.9 126.3 0.3 1.5 Recreation, education and reading 112.0 114.3 112.4-1.7 0.4 114.9 116.5 115.6-0.8 0.6 Alcoholic beverages and tobacco 177.8 185.0 186.6 0.9 4.9 161.2 168.1 168.9 0.5 4.8 products Special aggregates All-items excluding food 127.8 131.9 131.9 0.0 3.2 127.9 131.2 131.2 0.0 2.6 All-items excluding food and energy 126.8 129.2 129.0-0.2 1.7 125.6 127.6 127.8 0.2 1.8 Energy 132.9 157.7 159.9 1.4 20.3 148.7 169.4 167.2-1.3 12.4 Goods 116.8 120.9 121.3 0.3 3.9 118.5 121.6 121.7 0.1 2.7 Services 145.2 148.0 147.7-0.2 1.7 142.4 145.3 145.5 0.1 2.2 Source: Prepared by the, adapted from Statistics Canada, Table 18-10-0004-01 (formerly CANSIM 326-0020) Last updated:
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u n e 2 0 1 8 4 Table 2: Consumer Price Indices for June 2018 By Province: All-Items and Food All-items Food Jun. May Jun. May 18 Jun. 17 Jun. May Jun. May 18 Jun. 17 2017 2018 2018 to to 2017 2018 2018 to to Jun. 18 Jun. 18 Jun. 18 Jun. 18 (2002 = 100) % change (2002 = 100) % change Mantioba 130.2 133.7 133.7 0.0 2.7 142.4 142.3 142.2-0.1-0.1 Western Provinces Saskatchewan 133.9 137.9 137.5-0.3 2.7 148.0 146.6 146.6 0.0-0.9 Alberta 136.9 140.7 140.7 0.0 2.8 142.3 143.0 143.2 0.1 0.6 British Columbia 125.2 128.4 128.6 0.2 2.7 138.5 139.4 139.9 0.4 1.0 Eastern Provinces Ontario 132.1 134.9 135.3 0.3 2.4 144.1 146.7 148.3 1.1 2.9 Quebec 126.7 129.3 129.2-0.1 2.0 145.0 144.6 145.7 0.8 0.5 Maritime Provinces New Brunswick 131.1 133.9 134.0 0.1 2.2 149.0 149.6 150.0 0.3 0.7 Nova Scotia 132.4 135.2 135.3 0.1 2.2 149.6 147.7 148.0 0.2-1.1 Prince Edward Island 133.4 136.5 137.3 0.6 2.9 147.5 145.6 147.7 1.4 0.1 Newfoundland 135.0 137.8 138.1 0.2 2.3 145.6 145.6 146.4 0.5 0.5 * Manitoba Rank 3 t 6 t 1 3 * 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) Last updated:
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u n e 2 0 1 8 5 Table 3: Percent Change Comparisons of Consumer Price Indices for June 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 2.7 2.5 2.1 2.1 2.2 1.9 Food -0.1 1.4-1.1 3.9 1.9 1.5 Shelter 3.4 2.0 4.7 1.4 2.7 1.5 Household operations, furnishings -1.4-0.1 2.0-1.0-0.2 0.4 and equipment Clothing and footwear 3.1 1.8-6.6-3.3-0.1 0.1 Transportation 7.8 6.6 11.1 7.4 4.3 4.3 Health and personal care 1.7 1.5-3.0 0.0 1.9 1.7 Recreation, education and reading 0.4 0.6-8.1-2.7 1.1 1.3 Alcoholic beverages and tobacco 4.9 4.8 3.5 7.2 3.2 3.5 products Special aggregates All-items excluding food 3.2 2.6 2.8 1.9 2.2 2.0 All-items excluding food and energy 1.7 1.8-0.9 0.6 1.8 1.6 Energy 20.3 12.4 48.3 16.3 6.5 5.5 Goods 3.9 2.7 3.7 2.7 2.1 1.4 Services 1.7 2.2 1.1 1.7 2.2 2.3 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) Last updated:
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u n e 2 0 1 8 6 Table 4: Consumer Price Indices for June 2018 By City: All-Items All-items All-items: 12-month average (1) (2) Jun. May Jun. May 18 Jun. 17 Jul.16 Jul.17 12-month 2017 2018 2018 to to to to annual Jun. 18 Jun. 18 Jun.17 Jun.18 rate (2002 = 100) % change (2002 = 100) % change Winnipeg 129.9 133.3 133.2-0.1 2.5 129.1 131.8 2.1 Western Cities Regina 134.7 138.9 138.4-0.4 2.7 133.6 137.1 2.6 Saskatoon 134.5 138.5 138.0-0.4 2.6 133.4 136.8 2.6 Calgary 136.7 140.8 140.9 0.1 3.1 136.1 138.8 2.0 Edmonton 137.5 141.4 141.1-0.2 2.6 136.7 139.3 2.0 Vancouver 127.5 130.9 131.3 0.3 3.0 125.8 129.2 2.7 Victoria 123.5 126.0 126.1 0.1 2.1 122.0 124.2 1.8 Eastern Cities Thunder Bay 126.1 128.2 128.6 0.3 2.0 125.1 126.8 1.4 Toronto 134.2 136.7 137.5 0.6 2.5 132.4 135.3 2.2 Ottawa 130.1 133.0 133.4 0.3 2.5 129.0 131.4 1.8 Montréal 127.2 129.6 129.5-0.1 1.8 126.5 128.4 1.5 Québec 126.7 128.9 128.7-0.2 1.6 126.1 127.7 1.3 Maritime Cities Saint John, N.B. 131.0 133.8 133.9 0.1 2.2 129.8 132.6 2.2 Halifax 131.2 133.9 133.9 0.0 2.1 130.4 132.6 1.7 Charlottetown 132.7 135.9 136.7 0.6 3.0 131.3 134.2 2.2 St. John'S, Nfld 134.8 137.2 137.5 0.2 2.0 134.4 136.3 1.4 * Winnipeg Rank 3 t 6 t 10 * 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) Last updated: