Canada: StatsCan admits to five years of CPI mistakes

Newsjock

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Wed Aug-16-06 08:25 PM
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Canada: StatsCan admits to five years of CPI mistakes

http://www.cbc.ca/story/business/national/2006/08/16/statcan.html

Statistics Canada is double-checking its computer programs after discovering that a computer glitch understated the nation's inflation rate for the past five years.

But Tarek Harchaoui, assistant director of the agency's CPI division, said Wednesday that the problems were limited to one small part of the CPI, the price of hotel and motel rooms.

"The impact was negligible," he told CBC News, adding that a computer glitch underestimated the consumer price index by about 0.1 per cent between early 2001 and March 2006.

That problem has now been fixed, he said.

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papau

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Wed Aug-16-06 08:30 PM
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1. They copy the US use of rent and not house prices - plus all the other

Edited on Wed Aug-16-06 08:31 PM by papau

crap adjustments that the EU has wisely said is crap.

A small correction in Canada, like such in the US, is not going to get them to the correct numbers.

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