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Free AccessStatsCan Says Adding Used Cars Would Have Boosted Mar CPI 0.2PP
- "Given the weight of used vehicles (1.84%) in the 2020 CPI basket, if used vehicle prices had been introduced with the June 2021 CPI, coinciding with the last basket update, the headline CPI for March 2022 is estimated to have been 0.2 percentage points higher, compared with the published CPI (+6.7%)" StatsCan analytical paper says
- StatsCan aiming to introduce used cars in next CPI report, won't do historical revisions, as has been the case in the past
- Inflation reported on Wed for April was 6.8%, fastest since 1991
- See paper at https://www150.statcan.gc.ca/n1/pub/62f0014m/62f0014m2022008-eng.htm
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.