What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?
Patrick Sabourin and
Angelika Welte ()
No 2020-20, Staff Analytical Notes from Bank of Canada
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.
Keywords: Inflation and prices; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: D1 D12 E3 E31 E4 E42 E5 E52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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