Bank of Canada’s Preferred Measures of Core Inflation
Stats in brief: 11-627-M2017043
Description:
The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. Based on the CPI, Statistics Canada also produces and publishes the Bank of Canada's three preferred measures of core inflation: CPI-trim (trimmed mean), CPI-median (weighted median), and CPI-common (common component). The following infographic looks at the three preferred measures of core inflation and illustrates how they are calculated.
Issue Number: 2017043
Main Product: Statistics Canada - Infographics
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