Stats Canada announced the CPI numbers for December and for all of 2009 and the trend started in November got a little more momentum with the CPI for 2009 being 1.3% (over 12 months), and Gasoline sits front and center again as an issue.
The rise in the all-items Consumer Price Index (CPI) was due primarily to gasoline prices, which exerted upward pressure on the CPI for the second consecutive month. This follows an extended period in which they were the main contributors to year-over-year declines in overall consumer prices.
For the year the big price jumpers were:
- Energy given we are back at $1 per liter this is no surprise there
- Transportation given gas prices again, no surprise, although the cost of mass transit is going up a lot too
- Health and Personal Care this one really worries me, if health care costs keep doubling the average on inflation, we older folks might be in trouble come retirement time
- Alcoholic Beverages not as high as health care, but you can at least give us a chance to drown our sorrows? C’mon!!!
See the big table for the numbers.
The Big CPI Table
I really like this table because it shows you all the ugly numbers together:
|Nov to Dec 2009||Dec
2008 to Dec 2009
|Household operations, furnishings and equipment||11.10||105.5||108.5||107.5||-0.9||1.9|
|Clothing and footwear||5.36||91.3||95.1||90.6||-4.7||-0.8|
|Health and personal care||4.73||109.9||113.6||113.2||-0.4||3.0|
|Recreation, education and reading||12.20||101.2||103.7||102.8||-0.9||1.6|
|Alcoholic beverages and tobacco products||3.07||128.7||131.3||131.2||-0.1||1.9|
|All-items excluding food and energy||73.57||111.0||112.2||111.7||-0.4||0.6|
Inflation in 2009
- Inflation Edges Up in December 2009 for the first time in a while
- How do you spell INFLATION? In November, evidently, it looked like it might start again
- Consumer Price Index is Trending Up Again in October of 2009
- CPI: How Many Negatives Make it Deflation? a good question for September 2009
- CPI Down Again (kind of) for August of 2009. Is that really deflation?
- Deflation again! CPI Down for July (sort of) really deflation? Not really.
- Inflation down 0.3% for June most of this in June 2009 is caused by gasoline pricing silliness.
- Consumer Price Index for May 2009: Nudges Up but overall it keeps looking like not much
- CPI For April 2009 at 0.4% Wow , calm down big fella it is not that good news
- Consumer Price Index Down a Little for March 2009 which is a good thing, don’t you think?
- Inflation Jumps for February 2009, did it really?