The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of a fixed basket of goods and services.
The goods and services in the CPI basket are divided into 8 major components: Food; Shelter; Household operations, furnishings and equipment; Clothing and footwear; Transportation; Health and personal care; Recreation, education and reading, and Alcoholic beverages, tobacco products and recreational cannabis. CPI data are published at various levels of geography including Canada, the ten provinces, Whitehorse, Yellowknife and Iqaluit, and select cities.
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Do you have questions about the CPI, Canadian inflation or what the new CPI basket means for measuring consumer prices? Join us for our "
Reddit Ask Me Anything
" event on June 26, 2024, at 1:30 p.m., Eastern Time.
The online lecture "
Canada Training Institute – Consumer Price Index
" provides an introduction to Statistics Canada's definition and production of the CPI, which measures the rate at which prices of goods and services purchased by Canadian consumers change, on average, over a specified period of time.
