The national statistics agency is readying a new online tool to help Canadians track the impact of price changes on their spending during the pandemic.
Statistics Canada already has a visualization tool that allows users to see the changes in prices for goods that make up the country's headline inflation number.
Inflation rates collapsed as economic restrictions were put in place earlier this year to curb the spread of COVID-19, and price increases overall are expected to stay low through next year. "Where we need to move ahead is better communicating how this index is put together, perhaps bring this together with indicators of consumer spending and average prices."
In other words, the official number didn't quite reflect prices the way real people were experiencing them.
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