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The shelter category of CPI — which accounts for 30% of overall CPI and 40% of the core reading — increased 0.7% over the month and 7.9% over the last year.
The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
April 5–16 – The 2023 IIHF Women's World Championship is held in Brampton, Ontario. [28] April 5 – 2023 Canada ice storm: Two people are killed and over a million people are without power after an ice storm strikes Ontario and Quebec. [29] April 9 – The 2023 Canadian Ringette Championships are held in Regina, Saskatchewan.
Will inflation finally slow down in 2023? This is the burning question as the year comes to a close, and consumers may find some clues in the November consumer price index (CPI) - the final report ...
However, the auto market came in much cooler, with prices for new vehicles rising 0.3% for the month, but only 1% year over year. The 2023 yearly figure was a big drop compared to last year’s 5. ...
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The 2022 number will then be compared with the third quarter average of 2021 to determine the percentage of change for 2023. September’s CPI numbers are expected to be announced on Oct. 13, The ...