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StatsCan Says Adding Used Cars Would Have Boosted Mar CPI 0.2PP

CANADA DATA
(MNI) OTTAWA
  • "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
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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