The CPI might be a bunch of numbers, but it is also constantly evolving to reflect the times, and consumer tastes. To find out more read on
“It costs $4.99 for four pieces of corn now,” she said, stating fact. “That’s unbelievable.”
The drumbeat of grim, inflation statistics doesn’t simply materialize out of thin air to wreak havoc upon household budgets. There are actual humans behind this monthly horror show, who collect, fret over, analyze, aggregate, verify, scrutinize, calculate, quality assure and closely guard the Consumer Price Index, the country’s primary measure of inflation, calculated by comparing the cost, over time, of a fixed basket of consumer goods and services.
On that note, the chief has postponed home repairs, due to the cost of materials, and put off buying a new car. Barclay has been more strategic about driving places, and is trying his utmost not to indulge a weakness for luxury cheeses, while Chris Li, an assistant director with the CPD, is now walking and biking to more activities, and seeking out whatever deals she can find at the grocery store.
“We don’t necessarily see ourselves as individuals,” Barclay said. “We see ourselves as being behind the number.” Collection teams that used to head out into the field now generally occupy desks and use web-scraping software to pull prices from retailer and service-provider sites, for just about anything and everything one could think a Canadian consumer might buy, including, lately, recreational cannabis.
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