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  • Economic Calendar Terms

    CPI BoC Core x8 x tax yy

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    Bank of Canada
    234 Wellington Street
    Ottawa, Ontario, Canada
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    1–888–418-1461

    The consumer price index (CPI) is a measure of change over a specified period of time in the general level of prices of goods and services that a given population acquires, uses or pays for consumption. It compares a household's cost for a specific basket of finished goods and services with the cost of the same basket during an earlier benchmark period.

    A variant of the CPI that excludes eight of the most volatile components prices which-account for 16 per cent of the CPI basket-(fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, and tobacco products) as well as the effect of changes in indirect taxes on the remaining components.