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  • 1. Enhancements to the passenger vehicle and homeowners’ home insurance price indexes
    Articles and reports: 62F0014M2025002
    Description: Statistics Canada is enhancing the Consumer Price Index (CPI) by better leveraging existing data to update the methodology to estimate price indexes for passenger vehicle insurance and homeowners’ home insurance. This paper presents an updated estimation methodology that uses hedonic quality adjustment applied to brokerage quote data. This approach estimates the price change of insurance premiums while holding price-influencing characteristics constant.
    Release date: 2025-04-15
  • 2. Impacts of rising costs and claims on personal automobile insurance profitability and consumers in Canada
    Articles and reports: 11-621-M2025003
    Description: This study delves into the contributing claims and cost factors that have impacted the premiums consumers pay for auto insurance and the financial pressures insurers face. The engine type, brand name, and location of the vehicle have contributed, in addition to the overall rising cost of repairs, parts, and the vehicles themselves. Coverage types, and provincial regulation have also impacted both insurers and consumers alike, disproportionally impacting certain provinces. Claims severity impacted by the aforementioned as well as thefts and extreme weather, have contributed to the fact that owning a vehicle and insuring a vehicle has become more costly since 2020.
    Release date: 2025-04-02
  • 3. Shrinking products, rising prices: Food-specific quantity adjustments in the Consumer Price Index
    Stats in brief: 11-627-M2025016
    Description: This infographic looks at the frequency of "shrinkflation" occurring in the Consumer Price Index (CPI), specifically in the food component between 2021 and 2023. "Shrinkflation" refers to the practice of selling a smaller quantity of a product at the same price as the larger size previously offered. Any change in the quality or quantity of a product or service is taken into account in the calculation of the CPI.
    Release date: 2025-02-18
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  • 1. Enhancements to the passenger vehicle and homeowners’ home insurance price indexes
    Articles and reports: 62F0014M2025002
    Description: Statistics Canada is enhancing the Consumer Price Index (CPI) by better leveraging existing data to update the methodology to estimate price indexes for passenger vehicle insurance and homeowners’ home insurance. This paper presents an updated estimation methodology that uses hedonic quality adjustment applied to brokerage quote data. This approach estimates the price change of insurance premiums while holding price-influencing characteristics constant.
    Release date: 2025-04-15
  • 2. Impacts of rising costs and claims on personal automobile insurance profitability and consumers in Canada
    Articles and reports: 11-621-M2025003
    Description: This study delves into the contributing claims and cost factors that have impacted the premiums consumers pay for auto insurance and the financial pressures insurers face. The engine type, brand name, and location of the vehicle have contributed, in addition to the overall rising cost of repairs, parts, and the vehicles themselves. Coverage types, and provincial regulation have also impacted both insurers and consumers alike, disproportionally impacting certain provinces. Claims severity impacted by the aforementioned as well as thefts and extreme weather, have contributed to the fact that owning a vehicle and insuring a vehicle has become more costly since 2020.
    Release date: 2025-04-02
  • 3. Shrinking products, rising prices: Food-specific quantity adjustments in the Consumer Price Index
    Stats in brief: 11-627-M2025016
    Description: This infographic looks at the frequency of "shrinkflation" occurring in the Consumer Price Index (CPI), specifically in the food component between 2021 and 2023. "Shrinkflation" refers to the practice of selling a smaller quantity of a product at the same price as the larger size previously offered. Any change in the quality or quantity of a product or service is taken into account in the calculation of the CPI.
    Release date: 2025-02-18
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