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 importance |
September 2007 |
August 2007 |
September 2006 |
August to September 2007 |
September 2006 to September 2007 |
|
|
Unadjusted |
|
|
|
|
|
% change |
| All-items |
100.00 |
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 Index |
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.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, please consult the Bank of Canada website (www.bankofcanada.ca/en/inflation/index.htm). |
|
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