04-29-2022 09:20 AM - last edited 05-01-2022 19:31 PM
The Consumer Price Index (CPI) is an indicator of changes in consumer prices experienced by Canadians. It is obtained by comparing, over time, the cost of a fixed basket of goods and services purchased by consumers. Since the basket contains goods and services of unchanging or equivalent quantity and quality, the index reflects only pure price change.
The CPI is widely used as an indicator of the change in the general level of consumer prices or the rate of inflation. Since the purchasing power of money is affected by changes in prices, the CPI is useful to virtually all Canadians. Consumers can compare movements in the CPI to changes in their personal income to monitor and evaluate changes in their financial situation.
The dashboard has three pages namely:
Data source publisher: Statisitcs Canada
Date source link: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000601
1. All visuals included in the dashboard is for project sample purposes only.
2. Discrepancies between the data contained in this dashboard and from the data source may exist.
3. The presentation of information is not warranted to be error free and does not imply the expression of any opinion whatsoever.