Canadian Personal Finance Blog

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October 19th, 2007

Flash: Inflation in September at 2.5%

Canadian Inflation Rate at 2.5%

Stats Canada snuck this one out, before I could put it in my original posting, crafty devils.

This is a major jump in the Inflation rate and the steepest in a while, but if you throw out the price of Oil from this, it actually isn’t that bad. Why would you take out Gasoline prices? I have no idea, since it is a major part of my expenses, but the Bank of Canada looks at that, so who knows? Energy jumped 6.1% year over year in this index, the biggest increase (even higher than Shelter)

This 0.2% jump could mean a lot of things, and with oil futures continuing to sky rocket, maybe interest rates aren’t going to stay as low as I hoped it would. Maybe it is time to pay down that debt?

Consumer Price Index and major components

(2002=100)
Relative importance1 September 2007 August 2007 September 2006 August to September 2007 September 2006 to September 2007
Unadjusted
% change
All-items 100.002 111.9 111.7 109.2 0.2 2.5
Food 17.04 110.9 111.8 108.8 -0.8 1.9
Shelter 26.62 117.8 117.6 114.0 0.2 3.3
Household operations, furnishings and equipment 11.10 103.7 103.5 102.1 0.2 1.6
Clothing and footwear 5.36 97.4 95.4 98.5 2.1 -1.1
Transportation 19.88 116.9 116.3 112.8 0.5 3.6
Health and personal care 4.73 107.6 107.6 106.0 0.0 1.5
Recreation, education and reading 12.20 103.4 102.9 101.5 0.5 1.9
Alcoholic beverages and tobacco products 3.07 126.6 126.1 122.0 0.4 3.8
All-items (1992=100) 133.2 132.9 130.0 0.2 2.5
Special aggregates
Goods 48.78 107.8 107.7 106.4 0.1 1.3
Services 51.22 115.9 115.6 111.9 0.3 3.6
All-items excluding food and energy 73.57 109.7 109.2 107.4 0.5 2.1
Energy 9.38 136.6 136.4 128.8 0.1 6.1
Core Consumer Price Index3 82.71 110.5 110.1 108.3 0.4 2.0
1. 2005 CPI basket weights at April 2007 prices, Canada – effective May 2007. Detailed weights are available under the Documentation section of survey 2301 (http://www.statcan.ca/english/sdds/index.htm).
2. Figures may not add up to 100% due to rounding.
3. The measure of the core Consumer Price Index (CPI) excludes from the all-items CPI the effect of changes in indirect taxes and eight of the most volatile components identified by the Bank of Canada: fruit, fruit preparations and nuts; vegetables and vegetable preparations; mortgage interest cost; natural gas; fuel oil and other fuel; gasoline; inter-city transportation; and tobacco products and smokers’ supplies. For additional information on the core CPI, please consult the Bank of Canada website (www.bankofcanada.ca/en/inflation/index.htm).

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This entry was posted on Friday, October 19th, 2007 at 3:12 AM and is filed under Inflation, Stats Canada. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Flash: Inflation in September at 2.5%”

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