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12-month change:

  1. Consumer prices rose 0.8% in the 12 months to November, following a 1.2% gain in October. The November increase was the smallest year-over-year gain in the CPI since October 2009.
  2. The slower increase in the CPI in November compared with October was attributable to smaller year-over-year price increases for gasoline, as well as price decreases for the purchase of passenger vehicles.
  3. Consumer prices rose in six of the eight major components in the 12 months to November, the exceptions being transportation, and clothing and footwear.
  4. The CPI for Prince Edward Island and for Quebec increased the most in the 12 months to November, while British Columbia increased the least.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI decreased 0.2% in November after increasing 0.2% in October.
  2. On a monthly basis and before seasonal adjustment, the CPI fell 0.2% in November, after a 0.2% increase in October.

Bank of Canada's Core Index:

  1. The Bank of Canada's core index rose 1.2% in the 12 months to November, following an increase of 1.3% in October.

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

Main upward contributors:

• Food purchased from restaurants (+2.1%)
• Homeowners' replacement cost (+2.5%)
• Property taxes (+2.8%)
• Rent (+1.5%)
• Meat (+4.3%)

Main downward contributors:

• Mortgage interest cost (-3.0%)
• Purchase of passenger vehicles (-1.8%)
• Natural gas (-6.8%)
• Video equipment (-12.7%)
• Fresh vegetables (-5.8%)

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

Main upward contributors:

• Purchase of passenger vehicles (+1.4%)
• Fresh fruit (+5.1%)
• Fresh vegetables (+4.2%)
• Natural gas (+3.2%)
• Internet access services (+2.1%)

Main downward contributors:

• Gasoline (-5.7%)
• Clothing (-3.0%)
• Electricity (-2.0%)
• Traveller accommodation (-2.3%)
• Mortgage interest cost (-0.3%)