Bank of Canada exploring alternative inflation measures – governor

Bank of Canada
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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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