Statistics Canada is updating the basket of goods it uses to measure inflation to increase the importance of food in the calculation as Canadians spend more on groceries and dining out.
It is a good point. But given the importance of the decisions that get driven off these numbers, I think it is more important that they be meaningful.
In some ways, it makes it a more useful historical measure as well as you can have a greater confidence that the number reflects the pressure inflation was placing on people at the time.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
It’s crazy that they change the weights on these indexes. How are you supposed to get an accurate inflation number if you keep moving the goal posts
It is a good point. But given the importance of the decisions that get driven off these numbers, I think it is more important that they be meaningful.
In some ways, it makes it a more useful historical measure as well as you can have a greater confidence that the number reflects the pressure inflation was placing on people at the time.