Bank of Canada exploring alternative inflation measures – governor
Canadians feeling prices rising despite CPI being negative for two months, deputy governor says
The Bank of Canada is looking into alternative inflation measures that are more representative of consumer spending during Covid-19, governor Tiff Macklem told lawmakers on June 16.
“The standard measures of inflation do not capture the reality that most Canadians are facing,” Macklem said.
In a speech on June 18, deputy governor Lawrence Schembri said Canadians are currently paying more for goods and services than what is reflected in the official inflation measure.
While a slight deviation
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