Stats Canada posted the Consumer Price Index on Tuesday and the numbers are similar to previous months inflation numbers with a year over year price increase of 2.2% (July 2006-07).
No change is a good thing, since the price index seems to be still at a moderate level, given the astronomical gas price roller coaster that we have all been living with in the past 2 years (see the gas price index graph for details there).
The Food portion of the index is up 2.8% (year over year) down from 3.1% (year over year) last month, so that is a good thing to see (since I have noticed the increased prices in food, having very hungry children).
The complete table of areas and their increases month to month and year over year are included at the bottom of this posting as well (read this over and maybe you can see where your money HAS been going. I include the Gas Price Index graph as an interesting anecdote to check and see how gas prices have been running this year as compared to last year.
This hopefully will mean a settling of the interest rate increases seen lately, and easing of the credit tightening that has been seen, but then again, I have been wrong before as well.
| Consumer Price Index and major components |
| (2002=100) |
|
Relative importance1 |
July 2007 |
June 2007 |
July 2006 |
June to July 2007 |
July 2006 to July 2007 |
|
|
Unadjusted |
|
|
|
|
|
% change |
| All-items |
100.002 |
112.0 |
111.9 |
109.6 |
0.1 |
2.2 |
| Food |
17.04 |
112.3 |
112.6 |
109.2 |
-0.3 |
2.8 |
| Shelter |
26.62 |
117.0 |
116.8 |
113.2 |
0.2 |
3.4 |
| Household operations and furnishings |
11.10 |
103.2 |
103.0 |
101.4 |
0.2 |
1.8 |
| Clothing and footwear |
5.36 |
94.6 |
93.1 |
93.5 |
1.6 |
1.2 |
| Transportation |
19.88 |
118.5 |
119.2 |
118.3 |
-0.6 |
0.2 |
| Health and personal care |
4.73 |
107.5 |
107.9 |
105.7 |
-0.4 |
1.7 |
| Recreation, education and reading |
12.20 |
103.0 |
102.5 |
101.3 |
0.5 |
1.7 |
| Alcoholic beverages and tobacco products |
3.07 |
126.0 |
125.7 |
121.5 |
0.2 |
3.7 |
| All-items (1992=100) |
|
133.3 |
133.2 |
130.5 |
0.1 |
2.1 |
| Special aggregates |
|
|
|
|
|
|
| Goods |
48.78 |
108.6 |
108.9 |
108.1 |
-0.3 |
0.5 |
| Services |
51.22 |
115.3 |
114.8 |
111.2 |
0.4 |
3.7 |
| All-items excluding food and energy |
73.57 |
109.1 |
109.0 |
106.5 |
0.1 |
2.4 |
| Energy |
9.38 |
139.6 |
140.1 |
142.0 |
-0.4 |
-1.7 |
| Core index3 |
82.71 |
110.0 |
109.9 |
107.5 |
0.1 |
2.3 |
| 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.gc.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, consult the Bank of Canada website (www.bankofcanada.ca/en/inflation/index.htm). |
|
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