CPI

The Consumer Price Index (CPI) in Canada is a measure of the average change over time in the prices paid by Canadian households for a basket of goods and services. The basket includes items such as food, clothing, shelter, transportation, health care, and entertainment.

Statistics Canada calculates the CPI on a monthly basis by collecting data from thousands of retail locations across the country. The index is based on a 2002 base year, with a value of 100 set for that year. The current CPI value represents the percentage change in the price level compared to the base year.