Whitehorse CPI Based Inflation Calculator
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What is the CPI?
The Consumer Price Index (CPI) is a measure of the rate of price change for
goods and services bought by Canadian consumers. It is the most widely used
indicator of price changes in Canada.
The Canadian CPI began with a study conducted by the Department of Labour in the
early 1900s. The study was based on a hypothetical family budget that
represented weekly expenditures of an urban working class family of five. Retail
prices of 29 food items and five fuel and lighting items were collected in
approximately 60 cities. In addition, information was obtained on the rent for a
representative worker’s dwelling. Since then, the CPI has grown in
comprehensiveness and detail to keep pace with increases in its use. Today, the
CPI directly or indirectly affects nearly all Canadians.
Consider the following:
- Old Age Security pensions, Canada Pension Plan payments, and other forms of
social and welfare payments are adjusted periodically to take account of changes
in the CPI.
- Rental agreements, spousal and child support payments and other forms of
contractual and price-setting arrangements are frequently tied in some manner to
movements in the CPI.
- Cost-of-living adjustment (COLA) clauses link wage increases to movements
in the CPI. Labour contracts governing the wages of many Canadian workers
include COLA clauses.
The CPI is relevant to all those who earn and spend money. When prices rise, the
purchasing power of money drops. When prices drop, it means the purchasing power
of money increases. The CPI is frequently used to estimate the extent to which
this purchasing power of money changes in Canada.
For these reasons, it is a widely used measure of inflation (or deflation).
Think of the CPI as a measure of the percentage change over time in the average
cost of a large basket of goods and services purchased by Canadians. The
quantity and quality of the goods and services in the basket remain the same.
Therefore, changes in the cost of the basket over time are not due to changes in
the quantity and/or quality of the goods and services observed. The CPI is
defined, more precisely, as an indicator of the changes in consumer prices
experienced by Canadians. It is obtained by comparing, through time, the cost of
a fixed basket of commodities purchased by Canadian consumers in a particular
year. Since the basket contains commodities of unchanging or equivalent quantity
and quality, the index reflects only pure price movements.
Detailed CPIs are published simultaneously for Canada, the ten provinces,
Whitehorse, Iqaluit and Yellowknife. Whitehorse represents the Yukon, Iqaluit
represents Nunavut and Yellowknife,
the Northwest Territories.
Yukon Bureau of Statistics CPI reports for Whitehorse can be
found
here
Whitehorse CPI 2002=100
| Year | CPI |
| 2008 | 113.4 |
| 2007 | 109.5 |
| 2006 | 106.8 |
| 2005 | 105.3 |
| 2004 | 103.0 |
| 2003 | 101.9 |
| 2002 | 100.0 |
| 2001 | 99.3 |
| 2000 | 97.5 |
| 1999 | 95.3 |
| 1998 | 94.3 |
| 1997 | 93.4 |
| 1996 | 91.3 |
| 1995 | 89.9 |
| 1994 | 88.7 |
| 1993 | 86.9 |
| 1992 | 85.0 |
| 1991 | 84.2 |
| 1990 | 79.1 |
| 1989 | 76.0 |
| 1988 | 73.2 |
| 1987 | 71.2 |
| 1986 | 69.0 |
| 1985 | 66.5 |
| 1984 | 64.4 |
| 1983 | 62.0 |