Canada's Retail Services Price Index rose 0.7% in Q4 2011, led by higher prices at general merchandise, food and beverage, home improvement stores
May 10, 2012
– The Retail Services Price Index (RSPI) rose 0.7% in the fourth quarter compared with the previous quarter.
General merchandise (+3.4%), food and beverage (+2.2%), building material and garden equipment and supplies dealers (+0.8%) and clothing and clothing accessories (+0.8%) stores all recorded margin increases in the fourth quarter.
Margin increases were moderated by declines in 6 of the 10 retail sectors. The largest margin decreases were posted by electronics and appliance stores (-3.8%) and gasoline stations (-1.2%).
Year over year, the RSPI was up 2.2%. General merchandise stores (+4.3%) posted the largest year-over-year margin increases. Other sectors that reported year-over-year margin increases included food and beverage stores (+3.6%) and gasoline stations (+3.6%). For the fifth consecutive quarter, year-over-year margins for electronics and appliance stores (-7.3%) declined.