Highlights

12-month change:

  1. The Consumer Price Index (CPI) rose 0.4% in the 12 months to April, following a 1.0% increase in March.
  2. Declining gasoline prices were largely responsible for the 0.6 percentage point difference in the 12-month change in the CPI. Price decreases for the purchase of passenger vehicles were also a factor.
  3. The shelter and food components were the main upward contributors to the rise in the CPI, while the transportation component was the main downward contributor.
  4. Consumer prices rose in eight provinces in the 12 months to April. The exceptions were New Brunswick and British Columbia, where consumer prices declined. The largest increases were registered in Prince Edward Island and Manitoba.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI decreased 0.4% in April, after posting no change in March. The April decrease was the largest decline since October 2008.
  2. On a monthly basis and before seasonal adjustment, the CPI decreased 0.2% in April, after increasing 0.2% in March.

Bank of Canada’s Core Index:

  1. The Bank of Canada’s core index rose 1.1% in the 12 months to April, following a 1.4% increase in March.

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

Main upward contributors:

  1. Electricity (+4.2%)
  2. Rent (+1.6%)
  3. Property taxes (+2.8%)
  4. Natural gas (+10.3%)
  5. Homeowners’ replacement cost (+1.9%)

Main downward contributors:

  1. Gasoline (-6.0%)
  2. Mortgage interest cost (-4.3%)
  3. Video equipment (-10.9%)
  4. Purchase of passenger vehicles (-0.7%)
  5. Travel tours (-4.8%)

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

Main upward contributors:

  1. Electricity (+1.5%)
  2. Air transportation (+2.6%)
  3. Footwear (+2.3%)
  4. Homeowners’ maintenance and repairs (+1.7%)
  5. Non-alcoholic beverages (+3.7%)

Main downward contributors:

  1. Gasoline (-2.8%)
  2. Clothing (-1.7%)
  3. Food purchased from restaurants (-0.8%)
  4. Furniture (-2.4%)
  5. Mortgage interest cost (-0.7%)
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