When it comes to Canada's inflation reading, you may want to look past the so-called core reading – at least this month.
Statistics Canada is making some changes to the inputs of its Consumer Price Index core trim and median figures – the measures most important to the Bank of Canada. StatsCan routinely updates the way it measures inflation, based on the evolving changes to what Canadians spend their money on and how much of their budget is consumed by those expenses.
That also introduces volatility – the 40 per cent of items excluded in one report isn’t exactly static from month to month, which could influence individual results. So too does the enhancement of data reported on 15 of the CPI basket components – things like property taxes, transit costs and health care services, items that are rather static and can skew results by their very nature.In terms of the headline figures, while headline CPI is expected to come in at 6.
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