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
this post was submitted on 18 Jun 2024
29 points (96.8% liked)
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StatCan boosts food weighting in inflation calculation, reduces cannabis, alcohol and tobacco
(www.canadianevergreen.com)
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.