Consumer price indexes

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All (14)

All (14) (0 to 10 of 14 results)

  • Articles and reports: 62F0014M2024002
    Description: In collaboration with the Bank of Canada, this research paper focuses on constructing analytical price index series for Canada, using the main owned accommodation measurement concepts proposed by the International Consumer Price Index Manual and adopted by other countries. This analysis explores these alternative treatments of owned accommodation in the Canadian context, examining their impact on the all-items Consumer Price Index. Additionally, it provides an explanation for the gap between perceived inflation and estimated inflation.
    Release date: 2024-03-28

  • Articles and reports: 62F0014M2023001
    Description: A new approach to estimate the computer equipment, software and supplies index and the multipurpose digital devices index, which are sub-indices of the digital computing equipment and devices index, will be implemented in the calculation of the Consumer Price Index. The new approach includes enhanced methodology and new data sources.
    Release date: 2023-02-21

  • Articles and reports: 62F0014M2022008
    Description:

    The Canadian Consumer Price Index (CPI) accounts for the sale of used vehicles by including a net expenditure weight for used vehicles in the index for the purchase of passenger vehicles. However, price changes for new cars were used as a proxy for used cars to ensure price change for this product was still covered to the best extent possible. The research paper outlines the proposed plan for introducing used vehicle prices, including data and methods. With the introduction of the 2021 CPI basket, a new approach for measuring price change in used vehicles is recommended to replace the previous method of measuring used vehicles price change by proxy.

    Release date: 2022-05-18

  • Articles and reports: 62F0014M2021017
    Description:

    Decisions by economic agents, such as firms and consumers, depend on their views about inflation. Consumers’ views of inflation, are systematically higher than inflation measured by the Consumer Price Index (CPI), and more so for certain demographic groups. While measurement factors can explain part of this gap, behavioral factors appear to play a larger role. This article examines these factors to explain the gap between CPI’s inflation and inflation perceptions in Canada.

    Release date: 2022-01-19

  • Articles and reports: 62F0014M2020010
    Description:

    Using various sources of expenditure data, Statistics Canada, in partnership with the Bank of Canada, has estimated Consumer Price Index (CPI) basket expenditures that reflect shifts in consumption patterns during the COVID-19 pandemic. The data cover the majority of CPI goods and services, and provide a snapshot estimate of expenditure weights for March, April and May, 2020. These estimates, updated to reflect recent expenditures during the pandemic and concurrent period of physical distancing, can provide insight into the impact of COVID-19 on the headline CPI.

    Release date: 2020-07-13

  • Articles and reports: 62F0014M2020005
    Description:

    An analysis of trends in Canadian consumer demand and sales using transaction data for grocery products amid the COVID-19 pandemic. This analysis includes Canadian grocery sales up to April 11.

    Release date: 2020-05-11

  • Articles and reports: 62F0014M2020004
    Description:

    An analysis of trends in Canadian consumer demand and sales using transaction data for grocery products amid the COVID-19 pandemic.

    Release date: 2020-04-08

  • Articles and reports: 62F0014M2019002
    Description:

    This paper describes a new methodology that Statistics Canada has adopted to measure the rent index.

    Release date: 2019-02-27

  • Articles and reports: 11-621-M2007057
    Geography: Canada, Province or territory
    Description:

    Using data from the monthly Retail Trade Survey this study examines the sales for the year 2006. This annual review describes sales growth and trends by trade groups such as new motor vehicle dealers, supermarkets and general merchandise stores. This study focuses on provincial sales.

    Release date: 2007-06-27

  • Articles and reports: 62F0014M1998007
    Geography: Canada
    Description:

    Over the years, the concept of core inflation has become of crucial importance for the central banks of various countries. Indeed, many of them have at some point given themselves the mandate to reduce inflation and achieve price stability. The Bank of Canada undertook this mandate in February 1991.

    Core inflation should reflect what is basic in price movements and ignore temporary fluctuations that have no long-term impact on prices. The phenomenon of core inflation must be of a lasting nature. The targets were initially set on the basis of the overall consumer price index (CPI). However, the Bank of Canada has stated that for practical reasons, it will focus on the consumer price index excluding the volatile food and energy components.

    The question that many are asking is the following: is a measure such as the CPI excluding food and energy a good indicator of core inflation? At the meeting of the 1996 Price Measurement Advisory Committee, a review of the literature on core inflation was presented. The Committee recommended taking a closer look at a weighted median index as a means of estimating core inflation. This study deals with the question of a weighted median index and covers the period of January 1985 to January 1997. The rates of change in the weighted median index calculated from monthly movements are quite often lower than the rates of change in the official index. This behaviour reflects the usual distribution of monthly price movements for the CPI, meaning a large proportion of the monthly movements are close to zero, and the remaining price movements are, in majority, positive. Because of this behaviour of monthly movements, the weighted median index advances much more slowly than the official index. This behaviour is just as evident when inflation advances at annual rates of 4% to 5% as when it ranges around 2%. An index based on the weighted median of monthly movements in the CPI yields somewhat disconcerting results. Even though some think that the official CPI does not clearly reflect the concept of core inflation, one does not necessarily expect to see such a large gap develop over time.

    Release date: 1999-10-05
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Analysis (14)

Analysis (14) (0 to 10 of 14 results)

  • Articles and reports: 62F0014M2024002
    Description: In collaboration with the Bank of Canada, this research paper focuses on constructing analytical price index series for Canada, using the main owned accommodation measurement concepts proposed by the International Consumer Price Index Manual and adopted by other countries. This analysis explores these alternative treatments of owned accommodation in the Canadian context, examining their impact on the all-items Consumer Price Index. Additionally, it provides an explanation for the gap between perceived inflation and estimated inflation.
    Release date: 2024-03-28

  • Articles and reports: 62F0014M2023001
    Description: A new approach to estimate the computer equipment, software and supplies index and the multipurpose digital devices index, which are sub-indices of the digital computing equipment and devices index, will be implemented in the calculation of the Consumer Price Index. The new approach includes enhanced methodology and new data sources.
    Release date: 2023-02-21

  • Articles and reports: 62F0014M2022008
    Description:

    The Canadian Consumer Price Index (CPI) accounts for the sale of used vehicles by including a net expenditure weight for used vehicles in the index for the purchase of passenger vehicles. However, price changes for new cars were used as a proxy for used cars to ensure price change for this product was still covered to the best extent possible. The research paper outlines the proposed plan for introducing used vehicle prices, including data and methods. With the introduction of the 2021 CPI basket, a new approach for measuring price change in used vehicles is recommended to replace the previous method of measuring used vehicles price change by proxy.

    Release date: 2022-05-18

  • Articles and reports: 62F0014M2021017
    Description:

    Decisions by economic agents, such as firms and consumers, depend on their views about inflation. Consumers’ views of inflation, are systematically higher than inflation measured by the Consumer Price Index (CPI), and more so for certain demographic groups. While measurement factors can explain part of this gap, behavioral factors appear to play a larger role. This article examines these factors to explain the gap between CPI’s inflation and inflation perceptions in Canada.

    Release date: 2022-01-19

  • Articles and reports: 62F0014M2020010
    Description:

    Using various sources of expenditure data, Statistics Canada, in partnership with the Bank of Canada, has estimated Consumer Price Index (CPI) basket expenditures that reflect shifts in consumption patterns during the COVID-19 pandemic. The data cover the majority of CPI goods and services, and provide a snapshot estimate of expenditure weights for March, April and May, 2020. These estimates, updated to reflect recent expenditures during the pandemic and concurrent period of physical distancing, can provide insight into the impact of COVID-19 on the headline CPI.

    Release date: 2020-07-13

  • Articles and reports: 62F0014M2020005
    Description:

    An analysis of trends in Canadian consumer demand and sales using transaction data for grocery products amid the COVID-19 pandemic. This analysis includes Canadian grocery sales up to April 11.

    Release date: 2020-05-11

  • Articles and reports: 62F0014M2020004
    Description:

    An analysis of trends in Canadian consumer demand and sales using transaction data for grocery products amid the COVID-19 pandemic.

    Release date: 2020-04-08

  • Articles and reports: 62F0014M2019002
    Description:

    This paper describes a new methodology that Statistics Canada has adopted to measure the rent index.

    Release date: 2019-02-27

  • Articles and reports: 11-621-M2007057
    Geography: Canada, Province or territory
    Description:

    Using data from the monthly Retail Trade Survey this study examines the sales for the year 2006. This annual review describes sales growth and trends by trade groups such as new motor vehicle dealers, supermarkets and general merchandise stores. This study focuses on provincial sales.

    Release date: 2007-06-27

  • Articles and reports: 62F0014M1998007
    Geography: Canada
    Description:

    Over the years, the concept of core inflation has become of crucial importance for the central banks of various countries. Indeed, many of them have at some point given themselves the mandate to reduce inflation and achieve price stability. The Bank of Canada undertook this mandate in February 1991.

    Core inflation should reflect what is basic in price movements and ignore temporary fluctuations that have no long-term impact on prices. The phenomenon of core inflation must be of a lasting nature. The targets were initially set on the basis of the overall consumer price index (CPI). However, the Bank of Canada has stated that for practical reasons, it will focus on the consumer price index excluding the volatile food and energy components.

    The question that many are asking is the following: is a measure such as the CPI excluding food and energy a good indicator of core inflation? At the meeting of the 1996 Price Measurement Advisory Committee, a review of the literature on core inflation was presented. The Committee recommended taking a closer look at a weighted median index as a means of estimating core inflation. This study deals with the question of a weighted median index and covers the period of January 1985 to January 1997. The rates of change in the weighted median index calculated from monthly movements are quite often lower than the rates of change in the official index. This behaviour reflects the usual distribution of monthly price movements for the CPI, meaning a large proportion of the monthly movements are close to zero, and the remaining price movements are, in majority, positive. Because of this behaviour of monthly movements, the weighted median index advances much more slowly than the official index. This behaviour is just as evident when inflation advances at annual rates of 4% to 5% as when it ranges around 2%. An index based on the weighted median of monthly movements in the CPI yields somewhat disconcerting results. Even though some think that the official CPI does not clearly reflect the concept of core inflation, one does not necessarily expect to see such a large gap develop over time.

    Release date: 1999-10-05
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