Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View

Archive for December 18th, 2007

Inflation at 2.5% Core Inflation still in check?

Tuesday, December 18th, 2007

Up slightly from October’s year over year rate of 2.4% the Consumer Price Index is now at 2.5% for November (year over year), with Gasoline prices and Mortgages leading the major cost increase areas.

The interesting quote from Stats Canada was:


However, the Bank of Canada’s core index, used to monitor the inflation control target, rose only 1.6%, posting its slowest 12-month increase since April 2006.

This means that the Bank of Canada is not likely to react to this inflation hike with an interest rate hike in January? We can only hope that is the case.

Tomorrow back to the land of personal finance, but inflation is something I view that directly affects (effects?) my day to day life and like to comment on it every month.

Consumer Price Index and major components

(2002=100)
Relative importance1 November 2007 October 2007 November 2006 October to November 2007 November 2006 to November 2007
Unadjusted
% change
All-items 100.002 111.9 111.6 109.2 0.3 2.5
Food 17.04 111.3 110.7 110.1 0.5 1.1
Shelter 26.62 118.8 118.7 114.1 0.1 4.1
Household operations and furnishings 11.10 103.3 103.4 102.2 -0.1 1.1
Clothing and footwear 5.36 96.4 97.1 97.0 -0.7 -0.6
Transportation 19.88 116.7 115.2 112.7 1.3 3.5
Health and personal care 4.73 108.0 107.5 106.7 0.5 1.2
Recreation, education and reading 12.20 102.0 102.7 100.5 -0.7 1.5
Alcoholic beverages and tobacco products 3.07 126.5 126.3 122.3 0.2 3.4
All-items (1992=100) 133.2 132.9 130.0 0.2 2.5
Special aggregates
Goods 48.78 107.6 107.1 106.1 0.5 1.4
Services 51.22 116.2 116.1 112.4 0.1 3.4
All-items excluding food and energy 73.57 109.6 109.6 107.7 0.0 1.8
Energy 9.38 136.5 134.5 123.8 1.5 10.3
Core Consumer Price Index3 82.71 110.3 110.3 108.6 0.0 1.6
1. 2005 CPI basket weights at April 2007 prices, Canada – Effective May 2007. Detailed weights are available under the Documentation
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