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12-month change:

  1. The Consumer Price Index (CPI) rose 1.0% in the 12 months to September, after increasing 1.3% in August.
  2. The smaller year-over-year increase in the CPI in September, compared with August was mostly attributable to an 18.8% year-over-year decline in gasoline prices in September, following a 12.6% decrease the previous month.
  3. Prices were up in seven of the eight major components on a year-over-year basis in September, with the rise in the CPI being led by higher prices for food. Increases in the household operations, furnishings and equipment index and the shelter index also contributed to higher consumer prices. The transportation index, which includes gasoline, recorded its 11th consecutive year-over-year decline.
  4. Consumer prices rose in eight provinces in the 12 months to September. Saskatchewan posted the largest increase, followed by Manitoba, Alberta and British Columbia. Prince Edward Island's CPI registered its 10th consecutive year-over-year decline.

Month-to-month change:

  1. On a seasonally adjusted monthly basis, the CPI decreased 0.2% in September, after posting no change in August.
  2. On a monthly basis and before seasonal adjustment, the CPI declined 0.2% in September, after posting no change in August.

Bank of Canada’s core index:

  1. The Bank of Canada’s core index was up 2.1% in the 12 months to September, matching the increase in August.

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

Main upward contributors:

  1. Food purchased from restaurants (+2.7%)
  2. Homeowners’ home and mortgage insurance (+9.3%)
  3. Purchase of passenger vehicles (+1.6%)
  4. Meat (+4.4%)
  5. Fresh vegetables (+11.5%)

Main downward contributors:

  1. Gasoline (-18.8%)
  2. Fuel oil (-23.0%)
  3. Natural gas (-4.4%)
  4. Mortgage interest cost (-1.0%)
  5. Fuel, parts and accessories for recreational vehicles (-9.5%)

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

Main upward contributors:

  1. Women’s clothing (+4.9%)
  2. Tuition fees (+2.8%)
  3. Footwear (+2.8%)
  4. Men’s clothing (+1.3%)
  5. Video and audio subscription services (+1.4%)

Main downward contributors:

  1. Gasoline (-7.9%)
  2. Electricity (-1.0%)
  3. Purchase of passenger vehicles (-0.3%)
  4. Traveller accommodation (-1.5%)
  5. Fresh vegetables (-1.6%)
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