Consumer Price Index

Consumer prices rose 0.4% in the 12 months to April 2009, down from the 1.2% increase in March.

While upward pressure on the Consumer Price Index (CPI) came primarily from food, the slowdown was due mainly to price declines for energy and reduced upward pressure from non-energy shelter components.

Excluding food, the CPI fell 1.1% in the 12 months to April. Excluding energy, the CPI rose 2.4% over the same period.

Food prices rose 7.1% during the 12-month period to April, slower than the 7.9% rise in March.

Shelter costs rose 0.2% during the 12-month period to April after increasing 2.1% in March. A sharp decline in natural gas prices mitigated growth in the shelter index in April. The 12-month change in the shelter price index has been slowing since July 2008.

Transportation costs fell 8.0% in the wake of year-over-year declines in prices for both gasoline and passenger vehicles.

Food prices rose 7.1% during the 12-month period to April, slower than the 7.9% rise in March.

Shelter costs rose 0.2% during the 12-month period to April after increasing 2.1% in March. A sharp decline in natural gas prices mitigated growth in the shelter index in April. The 12-month change in the shelter price index has been slowing since July 2008.

Transportation costs fell 8.0% in the wake of year-over-year declines in prices for both gasoline and passenger vehicles.

Seasonally adjusted monthly CPI falls
12-month change: Food costs remain high but shelter costs slow and energy costs decline

Food costs continued to be pushed up primarily by the price of food purchased from stores, which rose 8.3%. This was slower than the 9.5% rise observed in March.

Year-over-year consumer prices slow in all provinces

Compared with March, growth in consumer prices slowed in all provinces in the 12 months to April, with the largest slowdowns in Alberta, Ontario and Saskatchewan.

12-month change in the Bank of Canada’s core index slows
The Bank of Canada’s core index advanced 1.8% over the 12 months to April, down from the 2.0% rise in March.

You can find more details at: http://www.statcan.gc.ca/subjects-sujets/labour-travail/lfs-epa/lfs-epa-eng.htm

For further information or to schedule interviews with a Statistics Canada Analyst regarding this release please contact: Jey Dharmaraj, at: (416) 954-5976 or jey.dharmaraj@statcan.ca

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