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All (13) (0 to 10 of 13 results)
- Articles and reports: 36-28-0001202400500005Description: Headline inflation in Canada reached a 40-year high in 2022. Rising prices reduced the purchasing power of people whose incomes were not keeping pace with inflation and the current high inflation in Canada, as well as in many other countries, may be caused by both demand and supply factors. This article examines whether the current high inflation in Canada is demand–pull or supply–push.Release date: 2024-05-22
- Data Visualization: 71-607-X2020015Description:
This interactive calculator allows users to create a personal inflation time-series. Users enter dollar amounts in the common expense categories to produce a personalized inflation rate, which will more closely approximate an individual’s inflation experience than the average measure of inflation - the Consumer Price Index (CPI).
The Personal Inflation Calculator displays your personal index, 12-month percentage change, or 1-month percentage change in personal inflation alongside the official CPI in an interactive chart, allowing the user to compare inflation estimates over time in selected geographies.
This web-based application is updated monthly, as the data for the latest CPI reference month become available.
Release date: 2023-11-30 - Articles and reports: 36-28-0001202300700005Description: Increases in grocery prices have outpaced headline consumer inflation since late 2021. While the pace of food inflation has eased recently, prices for many grocery items continue to rise month after month. This article examines data from recent business and household surveys on how Canadians have been adjusting to higher food prices.Release date: 2023-07-26
- Articles and reports: 36-28-0001202300600002Description: As a small open economy, Canada’s price level is vulnerable to external factors that affect import prices such as geopolitical risks, exchange rate variations, global supply constraints, etc. As a large portion of consumption and inputs used in production are imported, rise in import prices will push up consumption prices and production costs as well, and hence may lead to higher inflation. This article aims at examining to what extent the current high inflation in Canada is impacted by the rise in import prices, and then examining what drive the rise in import prices.Release date: 2023-06-28
- Articles and reports: 36-28-0001202300600005Description: The recent period of high inflation has prompted a number of studies examining its causes and consequences. Of particular interest if whether “greedflation”, the situation where businesses are taking the opportunity in a high inflationary environment to increase their prices above their underlying costs of production in order to garner higher profits. This article sheds light on this by investigating how labour costs (primarily wages and salaries), and non-labour costs (primarily returns to capital) are evolving relative to inflation.Release date: 2023-06-28
- Stats in brief: 45-20-00032023001Description: StatCan’s Consumer Price Index tells us a lot about the economy… if you know what to look for. Guy Gellatly, Chief Economic Advisor at StatCan, joins us at the mic to break down the CPI and answer our questions about the economy. What’s the ideal inflation rate? Is no inflation the best kind of inflation? And what is a deflationary spiral?Release date: 2023-04-19
- Articles and reports: 36-28-0001202300200002Description: A key feature of the buildup in inflationary pressure over the last two years is the extent to which it became increasingly broad-based, with elevated price increases affecting a gradually wider set of products and services. This spotlight article provides some context on the amount of consumer spending that has been impacted by high inflation since price pressures began to build in early 2021. Using expenditure weights from the consumer price index, it reports on the share of the expenditure basket that falls into different inflationary ranges, first based on all products and services, and then separately for food products.Release date: 2023-02-22
- Articles and reports: 62F0014M2022007Description:
This document describes the methodology and data source for the monthly average retail prices table. This supplement also explains the difference between the Consumer Price Index and average retail prices in context of inflation.
Release date: 2022-05-04 - 9. Different Perspectives on the Rate of Inflation, 1982-2000: The Impact of Homeownership Costs ArchivedArticles and reports: 62F0014M2003016Geography: CanadaDescription:
For a long time, the Consumer Price Index (CPI) has been the most commonly referenced measure of inflation. However, it is not generally perceived how sensitive the CPI is to the measurement of price change for owned accommodation. The relative importance of the homeownership component in the CPI and the movement of that component are critically dependent on the choice of concept for estimating homeownership costs. However, there is no one concept that is generally agreed upon by official statistical agencies. As part of an ongoing research program into major issues involved in the construction of consumer price indexes, analytical indexes of consumer prices based on different treatments of owned accommodation are updated in this publication for the period 1995 to 2000.
This paper presents seven alternative homeownership series based on four different concepts, including one based on the current concept used in the official CPI. Series are also shown for higher-level aggregates, including indexes at the All-items level. All of these higher-level aggregates differ only in their owned accommodation components, for all aggregates and all other components are based on the official concept.
Release date: 2003-04-10 - 10. Service Inflation: Why Is It Higher? ArchivedArticles and reports: 62F0014M1997005Geography: CanadaDescription:
Since 1961, the service component of the Canadian Consumer Price Index (CPI) has generally shown a higher rate of increase than the goods component. Furthermore, when some of the more volatile components of the CPI are removed the spread widens. For instance, during the same period core goods inflation (excluding food and energy) increased at an annual rate of 4.3% compared to 6.1% per cent for services (excluding shelter). The literature on service sector inflation suggests five explanations for this phenomenon. Although all these sources of the inflation differential are interesting and important in their own right, this paper will examine two. Some believe that service inflation is a statistical artifact stemming from the inherent difficulties in measuring the output of services and hence their price changes. This issue will be examined first. Indeed the measurement problem appears more serious for services; however it cannot be held completely responsible for the inflationary gap. William Baumol (1967) originally suggested the other cause for higher service inflation whereby unbalanced sectorial growth would be the cause of the divergent inflation rates. This explanation will be the focus of the second part of the paper. In spite of the attractiveness of Baumol's model, empirical evidence rejects the hypothesis.
Release date: 1999-05-13
Data (1)
Data (1) ((1 result))
- Data Visualization: 71-607-X2020015Description:
This interactive calculator allows users to create a personal inflation time-series. Users enter dollar amounts in the common expense categories to produce a personalized inflation rate, which will more closely approximate an individual’s inflation experience than the average measure of inflation - the Consumer Price Index (CPI).
The Personal Inflation Calculator displays your personal index, 12-month percentage change, or 1-month percentage change in personal inflation alongside the official CPI in an interactive chart, allowing the user to compare inflation estimates over time in selected geographies.
This web-based application is updated monthly, as the data for the latest CPI reference month become available.
Release date: 2023-11-30
Analysis (12)
Analysis (12) (0 to 10 of 12 results)
- Articles and reports: 36-28-0001202400500005Description: Headline inflation in Canada reached a 40-year high in 2022. Rising prices reduced the purchasing power of people whose incomes were not keeping pace with inflation and the current high inflation in Canada, as well as in many other countries, may be caused by both demand and supply factors. This article examines whether the current high inflation in Canada is demand–pull or supply–push.Release date: 2024-05-22
- Articles and reports: 36-28-0001202300700005Description: Increases in grocery prices have outpaced headline consumer inflation since late 2021. While the pace of food inflation has eased recently, prices for many grocery items continue to rise month after month. This article examines data from recent business and household surveys on how Canadians have been adjusting to higher food prices.Release date: 2023-07-26
- Articles and reports: 36-28-0001202300600002Description: As a small open economy, Canada’s price level is vulnerable to external factors that affect import prices such as geopolitical risks, exchange rate variations, global supply constraints, etc. As a large portion of consumption and inputs used in production are imported, rise in import prices will push up consumption prices and production costs as well, and hence may lead to higher inflation. This article aims at examining to what extent the current high inflation in Canada is impacted by the rise in import prices, and then examining what drive the rise in import prices.Release date: 2023-06-28
- Articles and reports: 36-28-0001202300600005Description: The recent period of high inflation has prompted a number of studies examining its causes and consequences. Of particular interest if whether “greedflation”, the situation where businesses are taking the opportunity in a high inflationary environment to increase their prices above their underlying costs of production in order to garner higher profits. This article sheds light on this by investigating how labour costs (primarily wages and salaries), and non-labour costs (primarily returns to capital) are evolving relative to inflation.Release date: 2023-06-28
- Stats in brief: 45-20-00032023001Description: StatCan’s Consumer Price Index tells us a lot about the economy… if you know what to look for. Guy Gellatly, Chief Economic Advisor at StatCan, joins us at the mic to break down the CPI and answer our questions about the economy. What’s the ideal inflation rate? Is no inflation the best kind of inflation? And what is a deflationary spiral?Release date: 2023-04-19
- Articles and reports: 36-28-0001202300200002Description: A key feature of the buildup in inflationary pressure over the last two years is the extent to which it became increasingly broad-based, with elevated price increases affecting a gradually wider set of products and services. This spotlight article provides some context on the amount of consumer spending that has been impacted by high inflation since price pressures began to build in early 2021. Using expenditure weights from the consumer price index, it reports on the share of the expenditure basket that falls into different inflationary ranges, first based on all products and services, and then separately for food products.Release date: 2023-02-22
- Articles and reports: 62F0014M2022007Description:
This document describes the methodology and data source for the monthly average retail prices table. This supplement also explains the difference between the Consumer Price Index and average retail prices in context of inflation.
Release date: 2022-05-04 - 8. Different Perspectives on the Rate of Inflation, 1982-2000: The Impact of Homeownership Costs ArchivedArticles and reports: 62F0014M2003016Geography: CanadaDescription:
For a long time, the Consumer Price Index (CPI) has been the most commonly referenced measure of inflation. However, it is not generally perceived how sensitive the CPI is to the measurement of price change for owned accommodation. The relative importance of the homeownership component in the CPI and the movement of that component are critically dependent on the choice of concept for estimating homeownership costs. However, there is no one concept that is generally agreed upon by official statistical agencies. As part of an ongoing research program into major issues involved in the construction of consumer price indexes, analytical indexes of consumer prices based on different treatments of owned accommodation are updated in this publication for the period 1995 to 2000.
This paper presents seven alternative homeownership series based on four different concepts, including one based on the current concept used in the official CPI. Series are also shown for higher-level aggregates, including indexes at the All-items level. All of these higher-level aggregates differ only in their owned accommodation components, for all aggregates and all other components are based on the official concept.
Release date: 2003-04-10 - 9. Service Inflation: Why Is It Higher? ArchivedArticles and reports: 62F0014M1997005Geography: CanadaDescription:
Since 1961, the service component of the Canadian Consumer Price Index (CPI) has generally shown a higher rate of increase than the goods component. Furthermore, when some of the more volatile components of the CPI are removed the spread widens. For instance, during the same period core goods inflation (excluding food and energy) increased at an annual rate of 4.3% compared to 6.1% per cent for services (excluding shelter). The literature on service sector inflation suggests five explanations for this phenomenon. Although all these sources of the inflation differential are interesting and important in their own right, this paper will examine two. Some believe that service inflation is a statistical artifact stemming from the inherent difficulties in measuring the output of services and hence their price changes. This issue will be examined first. Indeed the measurement problem appears more serious for services; however it cannot be held completely responsible for the inflationary gap. William Baumol (1967) originally suggested the other cause for higher service inflation whereby unbalanced sectorial growth would be the cause of the divergent inflation rates. This explanation will be the focus of the second part of the paper. In spite of the attractiveness of Baumol's model, empirical evidence rejects the hypothesis.
Release date: 1999-05-13 - Articles and reports: 63-016-X19980034329Geography: CanadaDescription:
Price inflation for Canadian consumers has thus far been much lower in the 1990s than in the previous two decades. This has especially been the case for the prices of consumer goods. In the 1990-97 period, the price index for consumer goods rose by just 16%. However, the 1990s inflation rate for consumer services was a markedly higher 26%.
Release date: 1999-01-15
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