Price of women's clothing jumps in Jan

26 Mar '07

3 min read

The 12-month rise in mortgage interest cost continued the upward climb begun in 2006, reaching 5.1% in January 2007. This was a slight increase from the 4.9% growth posted in the previous month.

The dizzying surge in homeowner's replacement cost in Alberta has slowly abated since September 2006, when the 12-month change reached a record high of 48.6%. Nonetheless, in January 2007, this index rose by 37.1% in Alberta, with Saskatchewan trailing far behind with an increase of 13.5%. Elsewhere in Canada, this index posted somewhat smaller increases.

This decline was attributable to the fact that prices in January 2007 are being compared to those in January 2006, when they had taken a 19.2% leap mainly because of the unstable international geopolitical situation.

Month-over-month: Declines in gasoline prices slow down the monthly index growth:
Monthly increases in the price of women's clothing were almost entirely offset between December 2006 and January 2007.

After three uninterrupted months of decline, the price of women's clothing jumped 3.9% in January. This increase indicated a return to normal prices after the termination of discounts on women's lines in effect since October 2006.

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