a. Compute the 2019 inflation rate for Canada using the "Consumer Price Index (CPI), all-items excluding the effect of indirect taxes, seasonally adjusted". Show your work.
b. Compute the 2019 inflation rate for Canada using the "Consumer Price Index (CPI), all-items excluding eight of the most volatile components as defined by the Bank of Canada and excluding the effect of changes in indirect taxes, seasonally adjusted". Show your work.
c. Is the inflation rate that you computed in point a. different from the one that you computed in point b.? If yes, suggest some possible reasons for these differences.
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
Reference period
Adjusted changes in indirect taxes, seasonally adjusted
Canada and excluding the effect of components as defined by the Bank of Canada and excluding eight of the most volatile
135.4
135.5
134.8
135.0
135.2
135.3
135.2
134.9
134.8
134.7
134.5
134.3
134.3
133.9
133.8
133.3
133.1
133.0
132.8
132.7
2002=100
3 indirect taxes, seasonally adjusted items excluding the effect of Consumer Price Index (CPI), all-items
135.9
136.0
134.8
134.6
135.5
136.8
136.7
136.5
136.1
136.0
135.6
135.7
135.7
135.2
135.2
134.8
134.5
134.0
133.6
133.6