Briefing notes

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Highlights:

  1. Consumer prices rose 3.2% in the 12 months to September, following a 3.1% increase in August. On a non-seasonally adjusted monthly basis, consumer prices advanced 0.2%, after increasing 0.3% in August.

All-items Consumer Price Index (CPI):

  1. Energy prices advanced 12.5% during the 12 months to September, following a 13.4% increase in August. On a year-over-year basis, gasoline prices rose 22.7%, after gaining 22.8% in August. Prices for fuel oil rose 27.4% while prices for natural gas fell 4.7%.
  2. Prices for food rose 4.3% in the 12 months to September after increasing 4.4% in August.
  3. Excluding food and energy, the CPI increased 1.9% in the 12 months to September, following a 1.5% increase the month before. Larger year-over-year price increases in September were observed for the purchase of passenger vehicles, clothing and passenger vehicle insurance premiums.
  4. On a seasonally adjusted monthly basis, consumer prices increased 0.3% from August to September, matching the increase recorded the month before. The transportation index advanced 1.0% after increasing 0.9% in August. The seasonally adjusted clothing and footwear index rose 1.0% in September, following a 0.1% decline in August. The food index went up 0.2% while the shelter index fell 0.4%.

Main contributors to the 12-month change in the CPI:

Main upward contributors:

  1. Gasoline (+22.7%)
  2. Passenger vehicle insurance premiums (+5.6%)
  3. Food purchased from restaurants (+3.1%)
  4. Fuel oil and other fuels (+27.4%)
  5. Meat (+6.1%)

Main downward contributors:

  1. Mortgage interest cost (-1.8%)
  2. Furniture (-5.2%)
  3. Natural gas (-4.7%)
  4. Video equipment (-12.7%)
  5. Digital computing equipment and devices (-11.9%)

Main contributors to the monthly change in the CPI, not seasonally adjusted:

Main upward contributors:

  1. Women's clothing (+10.5%)
  2. Tuition fees (+4.2%)
  3. Purchase of passenger vehicles (+1.9%)
  4. Air transportation (+3.6%)
  5. Financial services (+4.8%)

Main downward contributors:

  1. Electricity (-3.0%)
  2. Fresh vegetables (-4.7%)
  3. Fresh fruit (-4.0%)
  4. Gasoline (-0.3%)
  5. Homeowners' home and mortgage insurance (-0.8%)