Canada CPI rose 4.8% on a year-over-year basis in December, up from a 4.7% gain in November. Excluding gasoline, the CPI rose 4.0% year over year.
On a monthly basis, the CPI fell 0.1% in December, following a 0.2% increase in November. This was the first monthly decline since December 2020, as gasoline prices fell in response to lower demand amid the spread of the Omicron.
On a seasonally adjusted monthly basis, the CPI was up 0.3%.
Prices rose in all eight major components on a year-over-year basis in December:
Grocery prices continued to climb in December, rising 5.7% year over year, the largest yearly increase since November 2011. r
1) Food: 4.8%, Fresh fruit (+5.6%), including apples (+6.7%), oranges (+6.6%), and bananas (+2.5%), increased on a year-over-year basis. Bakery products rose 4.7%
2) Shelter: 5.4%
3)Transportation: 8.9%
4) Gasoline: 30.3%
5) Health and personal care: 2.6%
7) Recreation, education & reading: 1.9%
8) Alcoholic beverages, tobacco products & recreational cannabis: 2.5%
9) Energy: 21.2%
10) Durable goods: 5.7%, refrigerators and freezers (+13.9%) and laundry and dishwashing appliances (+10.4%), household appliances paid 8.9% more in Dec 2021 compared with Dec 2020.
11) Non-durable goods: 8.5%
12) Services: 3.4%
(Note: All YoY)
Wages rose 2.6% during the same period--prices rose faster than wages(CPI 4.8 YoY).
Statistic Canada also posted Consumer Price Index: Annual review, 2022. Anyone interested can read it ( I just couldn't bear to finish reading it--- felt like reading from CCTV)
On a monthly basis, the CPI fell 0.1% in December, following a 0.2% increase in November. This was the first monthly decline since December 2020, as gasoline prices fell in response to lower demand amid the spread of the Omicron.
On a seasonally adjusted monthly basis, the CPI was up 0.3%.
Prices rose in all eight major components on a year-over-year basis in December:
Grocery prices continued to climb in December, rising 5.7% year over year, the largest yearly increase since November 2011. r
1) Food: 4.8%, Fresh fruit (+5.6%), including apples (+6.7%), oranges (+6.6%), and bananas (+2.5%), increased on a year-over-year basis. Bakery products rose 4.7%
2) Shelter: 5.4%
3)Transportation: 8.9%
4) Gasoline: 30.3%
5) Health and personal care: 2.6%
7) Recreation, education & reading: 1.9%
8) Alcoholic beverages, tobacco products & recreational cannabis: 2.5%
9) Energy: 21.2%
10) Durable goods: 5.7%, refrigerators and freezers (+13.9%) and laundry and dishwashing appliances (+10.4%), household appliances paid 8.9% more in Dec 2021 compared with Dec 2020.
11) Non-durable goods: 8.5%
12) Services: 3.4%
(Note: All YoY)
Wages rose 2.6% during the same period--prices rose faster than wages(CPI 4.8 YoY).
Statistic Canada also posted Consumer Price Index: Annual review, 2022. Anyone interested can read it ( I just couldn't bear to finish reading it--- felt like reading from CCTV)
