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StatCan boosts food weighting in inflation calculation, reduces cannabis, alcohol and tobacco
(www.canadianevergreen.com)
this post was submitted on 18 Jun 2024
29 points (96.8% liked)
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It's crazy that they change the weights on these indexes. How are you supposed to get an accurate inflation number if you keep moving the goal posts
It is a good point. But given the importance of the decisions that get driven off these numbers, I think it is more important that they be meaningful.
In some ways, it makes it a more useful historical measure as well as you can have a greater confidence that the number reflects the pressure inflation was placing on people at the time.