Flash: Inflation In September At 2.5%

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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

Flash: Inflation In September At 2.5%

Posted on 10/19/2007 12:10 PM | Link | Post Comment

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 importance¹

September 2007

August 2007

September 2006

August to September 2007

September 2006 to September 2007

Unadjusted

% change

All-items

100.00²

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

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 Index³

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.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).