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inflation

Canada Consumer Price Index

Latest

170index (2002=100)

Methodology

## What this measures

The price of a fixed basket of goods and services bought by Canadian households, as an index with 2002 = 100.

## Why it matters

It is the inflation measure the Bank of Canada targets at 2% and the one wages, pensions and benefits are indexed to.

## How to read it

Read the 12-month change (canada.cpi.yoy), not the level. Monthly moves include seasonal patterns because the index is not seasonally adjusted.

## What it does not say

It measures prices households pay, not business costs, and house prices enter only through mortgage interest and replacement costs.

## Source

Statistics Canada, table 18-10-0004-01 (vector v41690973), "Consumer Price Index, monthly, not seasonally adjusted; All-items". Palanor pulls it from Statistics Canada's Web Data Service every day and rewrites recent periods so revisions carry through.

Source: Statistics Canada. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Statistics Canada Open Licence.

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