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New CPI Basket Weights Boost Transport, Housing Slips

CANADA DATA
  • StatsCan re-weights CPI in report Wed, part of a move to annual updates to reflect shifts in spending patterns
  • "The transportation component increased the most of the major components in 2021, from 15.34% in 2020 to 16.16%. The other major component whose weight increased was clothing and footwear, increasing from 4.08% of the basket in 2020 to 4.52% in 2021"
  • "Following a 2.86 percentage point increase from 2017 to 2020, the largest on record for a major component, the weight for the shelter component declined modestly from 29.78% in 2020 to 29.67% in 2021."
  • MNI reported earlier on move to include used cars, see https://marketnews.com/mni-interview-2657382178
  • See report: https://tinyurl.com/5bfvjr4k
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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