Canada's Retail Services Price Index rose 0.9% in Q2, led by gasoline stations, electronics and appliance stores, building material and garden equipment and supplies dealers: Statistics Canada
November 3, 2011
– The Retail Services Price Index (RSPI) rose 0.9% in the second quarter.
Margin increases by gasoline stations (+4.9%), electronics and appliance stores (+2.9%) and building material and garden equipment and supplies dealers (+2.3%) led the advance in the RSPI in the second quarter. Increases were posted by every retail sector except clothing and clothing accessories stores (-2.1%), general merchandise stores (-0.4%) and furniture and home furnishings stores (0.0%).
The RSPI was up 2.7% compared with the second quarter of 2010, with gasoline stations (+7.3%), food and beverage stores (+4.2%) and furniture and home furnishings stores (+2.9%) posting the largest year-over-year margin increases. Electronics and appliance stores (-8.7%) recorded the lone year-over-year decline of the RSPI.
Note: All data in this release are seasonally unadjusted and are subject to revision. With the release of the final fourth quarter data for any given year, finalized data for all quarters of that year are released at the same time.
The Retail Services Price Index (RSPI) is constructed using monthly data. The chart reflects monthly movements of the RSPI, whereas the text and table are based on quarterly movements.
The RSPI is part of the Services Producer Price Index program at Statistics Canada. The RSPI is not a retail selling price index. The RSPI represents the change in the price of the retail service. The price of the retail service is defined as the margin price, which is the difference between the average purchase price and the average selling price of the retail product being priced.