Statistics Canada: CPI Up 2.2% in May - Modern Distribution Management

Log In

Statistics Canada: CPI Up 2.2% in May

Consumer Price Index matches April increase, as all eight major components increase year-over-year.

The Consumer Price Index rose 2.2 percent on a year-over-year basis in May, matching the increase in April, according to new data from Statistics Canada.

All eight major components increased year-over-year in May, although five of the eight major components grew at a slower rate. The transportation index rose 5.6 percent in May, following a 4.7 percent increase in April.

Energy prices rose 11.6 percent year-over-year in May, following a 6.3 percent increase in April. The growth was led by the gasoline index, which rose 22.9 percent in the 12 months to May. The electricity index (-0.8 percent) posted a smaller decline on a year-over-year basis in May than in the previous month. Prices for fuel oil and other fuels were up 22.2 percent in the 12-month period ending in May, the researcher said.

The all-items excluding energy index increased 1.6 percent on a year-over-year basis in May after a 1.9 percent increase in April. The principal factor offsetting the increase in May was a decline in the telephone services index, which fell 7.1 percent year-over-year, following a 0.9 percent decrease in April. The traveller accommodation index declined 4.2 percent in the 12 months to May.

Regionally, prices rose more on a year-over-year basis in five provinces in May compared with the previous month.

On a seasonally adjusted basis, the CPI increased 0.1 percent in May, matching the increases in April and March. The recreation, education and reading index (+1.7 percent) registered the largest gain, while the household operations, furnishings and equipment index (-1.0 percent) declined the most.


Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.