StatCan boosts food weighting in inflation calculation, reduces cannabis, alcohol and tobacco
StatCan boosts food weighting in inflation calculation, reduces cannabis, alcohol and tobacco
Statistics Canada is updating the basket of goods it uses to measure inflation to increase the importance of food in the calculation as Canadians spend more on groceries and dining out.
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It's crazy that they change the weights on these indexes. How are you supposed to get an accurate inflation number if you keep moving the goal posts
It is a good point. But given the importance of the decisions that get driven off these numbers, I think it is more important that they be meaningful.
In some ways, it makes it a more useful historical measure as well as you can have a greater confidence that the number reflects the pressure inflation was placing on people at the time.