Consumer Price Index measures the pricing levels in goods and services. Inflation happens when prices rise, whereas purchasing value falls, put simpler, when too much money is chasing too few products. Extremely high or low figures are bad for the economy. Historically the index reached an all-time high of 2.60% in January 1991 and an all-time low of -1.30% in June 1959. The index is published by Statistics Canada on a monthly basis.
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