Examining recent revisions to CPI-common

Elyse Sullivan

No 2022-15, Staff Analytical Notes from Bank of Canada

Abstract: Unusually large revisions to CPI-common in recent months stem from increased common movements across consumer price index components amid broad inflationary pressures. With recent revisions, CPI-common is more closely aligned with the Bank of Canada’s other two preferred measures of core inflation. However, caution is necessary when interpreting real-time estimates of CPI-common in the current environment.

Keywords: Econometric and statistical methods; Inflation and prices (search for similar items in EconPapers)
JEL-codes: C13 C18 E31 (search for similar items in EconPapers)
Date: 2022-10
New Economics Papers: this item is included in nep-mon
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