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Every year, Statistics Canada tweaks how it calculates inflation. After this year's change, food will make up a bigger chunk of the overall inflation number going forward. CBC News breaks down ...
The basket share for the transportation group rose to 17.29 per cent, compared with 16.78 per cent, due to an increase in the weight for passenger vehicles.
The Consumer Price Index (CPI) ... The weight of each component of the basket is in proportion to how they are sold. The annual CPI is reported as a whole number, ...
OTTAWA - Statistics Canada has updated the basket of goods it uses to calculate its consumer price index and inflation. The agency says the basket weights have been updated to reflect the relative ...
Further, the startlingly high weight of 9.67 assigned to cereals in the current CPI is undoubtedly excessive and casts a stark light on two critical issues.
The chain-weighted Consumer Price Index ... the actual cost of their purchases tends to be more stable than a price index of a fixed basket of goods with a fixed weight would imply.
The weight of food in the CPI basket appears to have declined significantly. Before 2016, it was believed to be around 30%, about 10 percentage points higher than our estimate of 19.9% currently.
OTTAWA — Statistics Canada on Tuesday updated the basket weights for the goods and services it uses to determine inflation, increasing the influence of the shelter and transportation components.