If you make economic decisions based on this Wednesday's inflation data, you may not be acting in your own best interests. New research by two of Canada's most credible analytic agencies appears to prove that critics — who have complained that inflation data has been distorted by COVID-19 both here and in the U.S. — actually got it right. The concern, expressed by credible financial publications, is that the pandemic has altered the selection of things people buy while the official "basket" of goods and services has not shifted. There is plenty of research that shows the official inflation rate, as calculated by various government statistical agencies, does have an impact on economic decision-making. (Mark Schiefelbein/The Associated Press)But there is plenty of research that shows the official inflation rate, as calculated by various government statistical agencies, does have an impact on economic decision-making.

Source: CBC News October 19, 2020 07:52 UTC