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12-month change:

1. The Consumer Price Index (CPI) rose 1.2% in the 12 months to December, following a 0.9% increase in November.
2. The faster year-over-year increase in the CPI was largely attributable to higher gasoline prices, which advanced 4.7% in the 12 months to December, following a 0.4% gain in November. Gasoline prices rose on a monthly basis this December while they declined in the same month a year ago.
3. Six of the eight major components recorded gains in the 12 months to December. The increase in the CPI was led by a rise in the transportation index, followed by higher shelter costs and food prices. The recreation, education and reading index posted no change on a year-over-year basis, while the health and personal care component declined.
4. Consumer prices rose in nine provinces in the 12 months to December. British Columbia was the exception, recording no change on a year-over-year basis. The largest increase was recorded in Prince Edward Island, while the smallest was observed in Quebec. Manitoba was the only province where consumer prices rose at a slower year-over-year rate in December than in November.

Month-to-month change:

1. On a seasonally adjusted monthly basis, the CPI rose 0.2% in December, matching the increase in November.
2. On a monthly basis and before seasonal adjustment, the CPI declined 0.2% in December, after recording no change in November.

Bank of Canada’s Core Index:

1. The Bank of Canada’s core index rose 1.3% in the 12 months to December, after increasing 1.1% in November.

Annual change:

1. In 2013, the annual average increase in consumer prices was 0.9%. This increase followed gains of 1.5% in 2012 and 2.9% in 2011.