Research done at the Bank of Canada suggests that the sources of bias in CPI, taken together, cause the Canadian CPI to overstate increases in the cost of living. How much does the research indicate it is overstated by?

Question

Quizplus · Accepted Answer

The research by the Bank of Canada indicates that the Canadian CPI overstates increases in the cost of living by approximately 0.5 percentage points.

Research Done at the Bank of Canada Suggests That the Sources