I saw this article this week and I thought it was interesting although I'm definitely not smart enough about inflation to fully understand what it completely means aside from the potential allegation that we might not really have a good measure for inflation.
Quote:
Canadian economists are scrambling for a reliable measure to track underlying inflation as large and frequent revisions have dented the credibility of a key Bank of Canada yardstick, even as the central bank said it was sticking with its core measures.
Canada's central bank has three preferred measures of core inflation - CPI-common, CPI-median and CPI-trim. CPI-common, once touted as the best gauge of the economy's performance, has been subject to repeated revisions since the start of this year.
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https://www.reuters.com/markets/us/i...es-2022-10-04/