Canada's Inflation Stable at 1.2 percent in September


Consumer prices rose 1.2 percent in the 12 months to September, matching the increase in August. Higher energy prices, particularly for gasoline and electricity, led the advance in the Consumer Price Index (CPI) for September.

Prices for transportation rose 1.6 percent in the 12 months to September, after rising 1.8 percent in August. The advance in the transportation component in September was led by higher prices for gasoline. This was tempered by lower year-over-year price increases for the purchase of passenger vehicles.

Shelter costs rose 1.2 percent in the 12 months to September, following a 1.0 percent gain in August. In addition to higher electricity prices, increases were recorded for homeowners' replacement cost and rent. Natural gas prices and mortgage interest cost declined on a year-over-year basis.

Food prices rose 1.6 percent in the 12 months to September, following a 2.2 percent increase in August. This slower year-over-year advance was attributable to monthly price decreases in September for food purchased from stores. Notable declines were recorded for fresh vegetables, fresh fruit, meat (particularly fresh or frozen pork) and cereal products.


TradingEconomics.com, Statistics Canada
10/19/2012 1:33:47 PM