12-month change:
- The Consumer Price Index (CPI) rose 2.0% in the 12 months
to April, following a 1.5% increase in March. The April 2014 rise
was the largest since April 2012.
- The larger year-over-year rise in the CPI in April compared with March
was led by energy prices, which increased 8.4% in the 12 months
to April, after rising 4.6% in March.
- Prices increased in all major components in the 12 months
to April. The increase in the CPI was led by higher prices for shelter, transportation
and food.
- Consumer prices rose at faster year-over-year rates in six provinces
in April compared with March. The largest accelerations occurred in British
Columbia and Ontario. Prince Edward Island and Alberta saw prices rise at
slower year-over-year rates in April than in March.
Month-to-month change:
- On a seasonally adjusted monthly basis, the CPI rose 0.2% in April,
following a 0.3% rise in March.
- On a monthly basis and before seasonal adjustment, the CPI rose 0.3%
in April, after increasing 0.6% in March.
Bank of Canada’s Core Index:
- The Bank of Canada’s core index rose 1.4% in the 12 months
to April, after increasing 1.3% in March.
Main contributors to the 12-month change in the CPI:
Main upward contributors:
- Gasoline (+6.6%)
- Natural gas (+26.0%)
- Electricity (+4.6%)
- Property taxes (+3.2%)
- Food purchased from restaurants (+2.1%)
Main downward contributors:
- Traveller accommodation (-3.7%)
- Women’s clothing (-1.3%)
- Prescribed medicines (-3.2%)
- Digital computing equipment and devices (-4.5%)
- Household appliances (-3.0%)
Main contributors to the monthly change in the CPI, not seasonally
adjusted:
Main upward contributors:
- Gasoline (+2.1%)
- Natural gas (+8.2%)
- Women’s clothing (+1.8%)
- Homeowners’ maintenance and repairs (+2.4%)
- Meat (+1.3%)
Main downward contributors:
- Furniture (-4.1%)
- Traveller accommodation (-3.2%)
- Travel tours (-2.3%)
- Passenger vehicle insurance premiums (-0.5%)
- Purchase of passenger vehicles (-0.2%)
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