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Canadians Spent More on Food & Less on Travel in October-November: StatCan

2 min read | January 13, 2021 12:06 PM EST | By Team Kalkine Media
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  • Expenditure patterns have changed amid the COVID-19 lockdown restrictions, which saw Canadians travelling less and buying some items more and others less, a recent report by Statistics Canada pointed.
  • Changes in household expenditure patterns, StatCan noted, impacts fixed basket price indexes such as the Consumer Price Index (CPI), which is used to calculate consumer price inflation.
  • Consumer expenditures for the month of October 2020 were closely aligned with the basket weights in 2017 for most major components.
  • The share of consumer expenditure on food climbed around October as new lockdown restrictions were imposed to curb the increasing coronavirus cases in the fall.
  • Meanwhile, consumers invested less money in traveling and clothing as compared to July, StatCan reported.
  • October saw an increase in the adjusted basket weight for household tasks, furnishings and equipment component as people spent more on financial and household services.
  • At the same time, Canadians also tend to have spent more on durable household items such as furniture, appliances, tools, utensils, etc. in October last year. This resulted in consumer expenditure on durable goods climbing at a record pace in the third quarter of 2020.
  • The annual average CPI for the 12 months ending November 2020 was up 1.1 per cent year-over-year for the adjusted price index, reported Statistics Canada.

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