Improving on the CPI: A Proposal for a Better Inflation Indicator

Summary:
Page Title:Improving on the CPI: A Proposal for a Better Inflation Indicator – C.D. Howe Institute
Article Title:Improving on the CPI: A Proposal for a Better Inflation Indicator
URL:https://cdhowe.org/publication/improving-cpi-proposal-better-inflation-indicator/
Published Date:August 12, 2015
Accessed Date:February 11, 2025

The Bank of Canada should track inflation using a measure that better accounts for changes in resale housing prices, according to a new C.D. Howe Institute report. In “Improving on the CPI: A Proposal for a Better Inflation Indicator,” authors Finn Poschmann and Aaron Jacobs urge the Bank to shift its focus to a more appropriate measure of the cost of inflationary trends when conducting monetary policy. 

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