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Canada's CPI is published by Statistics Canada. The index is calculated and published monthly. It is used to escalate a given dollar value, over time, to preserve the purchasing power of that value. Thus, the CPI is widely used to adjust contracted payments, such as wages, rents, leases and child or spousal support allowances.
Each April 1, based on New Brunswick CPI for the previous calendar year. The minimum wage was lifted to $12.75 on April 1, 2022, and there was an additional increase of $1.00 on October 1, 2022. [14] Newfoundland and Labrador: 15.60 April 1, 2024 Each April 1 (resumed in 2024), based on Canada CPI for the previous calendar year. [15]
A consumer price index ( CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. [1] The CPI is calculated by using a representative basket of goods and services. The basket is updated periodically to reflect changes ...
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US$122.9 billion (July 2024) [ 32][ 33] All values, unless otherwise stated, are in US dollars. The economy of Canada is a highly developed mixed economy, [ 34][ 35][ 36] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [ 6] Canada is one of the world's largest trading nations, with a ...
Consumer Price Index for Americans 62 years of age and older (R-CPI-E): This index re-weights prices from the CPI-U data to track spending for households with at least one consumer age 62 or older.
The United States Consumer Price Index (CPI) is a price index that is based on the idea of a cost-of-living index. The U.S. Department of Labor's Bureau of Labor Statistics (BLS) explains the differences: The CPI frequently is called a cost-of-living index, but it differs in important ways from a complete cost-of-living measure.
The Bureau of Labor Statistics, the producer of the U.S. CPI, calculated an experimental index designed for direct comparison with the HICP. [2] In addition, since 2006 the Division of International Labor Comparisons at the Bureau of Labor Statistics has compiled international comparisons of the HICP for different countries. [3]