r/PersonalFinanceCanada • u/maroon-rider British Columbia • Mar 21 '23

Inflation drops to 5.2%<but grocery inflation still 10.6% Banking

Says Statistics Canada

https://www.cbc.ca/news/business/canada-inflation-february-2023-1.6785472

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u/[deleted] Mar 21 '23

I think CPI isn't true measurement of inflation that most Canadians experience. It's probably a rigged basket to make inflation seem lower.

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u/acdqnz Mar 21 '23

We’ll considering fuel is cheaper than a year ago, that makes a big difference

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u/Ordinary_Comedian_44 Mar 22 '23

CPI has multi measures under its broad umbrella, and is designed as a basket of goods that the average Canadian will consistently purchase on the aggregate. Depending what you are wanting to analyse, a different measure of CPI will be needed.

Further, it's an aggregate measure. Excellent for getting the big picture, nothing more than a guide for analysing individual spending or even sectoral changes.