Table 4
Consumer Price Index statistics, preferred measures of core inflation – Bank of Canada definitions, year-over-year percent change, Canada1,2
| August 2016 |
September 2016 |
October 2016 |
November 2016 |
|
|---|---|---|---|---|
| % | % | % | % | |
| CPI-common3,5 | 1.5 | 1.5 | 1.4 | 1.3 |
| CPI-median4,6 | 2.1 | 2.1 | 2.1 | 1.9 |
| CPI-trim4,7 | 1.8 | 1.8 | 1.8 | 1.6 |
Source(s):
CANSIM table 326-0023.
Table note 1
For more information on these measures of core inflation, consult the general information document and the methodology document from the Statistics Canada website.
Table note 2
The Bank of Canada's preferred measures of core inflation, CPI-common, CPI-median and CPI-trim, are subject to revision. In the case of CPI-median and CPI-trim, this results from the fact that these measures are based on seasonally adjusted price index series. In the case of CPI-common, revisions are due to the statistical technique used, as the factor model is estimated over all available historical data. The CANSIM table 326-8023, to be published on January 20, 2017, will contain historical release data for these three measures and will be updated every month.
Table note 3
This measure is based on the Consumer Price Index (CPI) series adjusted to remove the effect of changes in indirect taxes.
Table note 4
This measure is based on CPI series that have been treated to remove the effect of changes in indirect taxes, and that have been seasonally adjusted.
Table note 5
CPI-common is a measure of core inflation that tracks common price changes across categories in the CPI basket.
Table note 6
CPI-median is a measure of core inflation corresponding to the price change located at the 50th percentile (in terms of CPI basket weights) of the distribution of price changes in a given month.
Table note 7
CPI-trim is a measure of core inflation that excludes CPI components whose rates of change in a given month are located in the tails of the distribution of price changes.
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