What is Canada's Consumer Price Index (CPI)?

Check out An Overview of Canada's Consumer Price Index, a video from Statistics Canada that defines the CPI, what it measures and how it’s used. CPI inflation is measured by comparing the price of the CPI basket today with its price (or “base”) a year ago.

What is Canada training institute – consumer price index?

The online lecture "Canada Training Institute – Consumer Price Index" provides an introduction to Statistics Canada's definition and production of the Consumer Price Index, which measures the rate at which prices of goods and services purchased by Canadian consumers change, on average, over a specified period of time.

Why is the CPI important?

The CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, the CPI is useful to virtually all Canadians. The prices of certain CPI components can be particularly volatile.

How accurate are Canadian economic forecasts?

We have produced accurate economic forecasts for more than 25 years. Consumer Price Index (CPI): The CPI provides a broad measure of the cost of living in Canada. Statistics Canada produces the CPI by tracking the prices for some 600 of the most commonly bought goods and services.