What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?

Kim Huynh, Helen Lao, Patrick Sabourin & Angelika Welte
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.
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