Fixing Canada’s CPI: A Simple and Sensible Policy Change for Minister Flaherty

Christopher Ragan
Additional contact information
Christopher Ragan: McGill University

No 111, e-briefs from C.D. Howe Institute

Abstract: Fixing measurement errors in the Consumer Price Index is a small idea that offers big payoffs to Canadians and the government. In this paper, the author says if the upcoming federal budget devoted the resources needed to improve Statistics Canada’s measurement of the Consumer Price Index, Canadians would have a truer sense of changes in the cost of living, monetary policy would be guided by a more accurate measure of inflation, and Minister Flaherty would more easily achieve the government’s commitment to balance the federal budget by 2015/16.

Keywords: Monetary Policy; Consumer Price Index (CPI); Statistics Canada; inflation rate (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2011-03
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published on the C.D. Howe Institute website, March 2011

Downloads: (external link)
https://www.cdhowe.org/public-policy-research/fixi ... ge-minister-flaherty (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cdh:ebrief:111

Access Statistics for this paper

More papers in e-briefs from C.D. Howe Institute Contact information at EDIRC.
Bibliographic data for series maintained by Kristine Gray ( this e-mail address is bad, please contact ).