Skip navigation

Economic Calendar Terms

CPI BoC Core x8 x tax yy

Public Information
Bank of Canada
234 Wellington Street
Ottawa, Ontario, Canada
K1A 0G9
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.