published data. The underlying effect rests on overstated inflation estimates due to imputed prices for disappearing products …

Inflation should no longer be a politically sensitive indicator. Indeed, since the early 1980s, macroeconomic policies … have managed to contain it. Yet the consumer price index (CPI), which is the main indicator for measuring inflation … Reform of “Checkout Data” -- 7. Under or Overestimation of Inflation? -- Conclusion. …

We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct … of monetary policy. We find that the Bank of Canada's current preferred measures of core inflation-CPI-trim, CPI … biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still …