US EditionStatistics Canada updates CPI basket, raises weight of shelter and transportation
- Statistics Canada updated the basket weights used to determine inflation, increasing the shelter and transportation components for May 2025 CPI calculation.
- The update reflects consumer spending in 2024 and aims to better align inflation measurement with current household expenditure patterns.
- The shelter component rose from 28.57% to 29.12%, driven mainly by mortgage interest and rent, while transportation's share increased to 17.29%.
- The share allocated to clothing and footwear declined from 4.70% to 4.40%, while the portion for recreation, education, and reading also fell, moving from 10.42% down to 10.16%.
- These changes imply greater inflation sensitivity to housing and vehicle costs, potentially affecting future CPI reports starting with May 2025 release.
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On Tuesday, Statistics Canada updates the weightings of the basket of goods and services used to determine inflation, thus increasing the influence of the components of housing and transportation.
·Montreal, Canada
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Winnipeg Free Press+7 Reposted by 7 other sources
Statistics Canada updates CPI basket, raises weight of shelter and transportation
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Shelter takes larger share in updated CPI basket weights - Mortgage Rates & Mortgage Broker News in Canada
The latest update to the Consumer Price Index (CPI) basket gives even more weight to shelter costs—particularly mortgage interest and rent—underscoring just how much housing expenses are shaping the inflation experience of Canadians.
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