The cost of a fixed basket of
97 000 goods and services is evaluated, then it is compared to a baskefrom 2002, that is, the reference year that is currently used by Statistics Canada, when the CPI was established at 100.
In October 2023, the
CPI was estimated at 158.6. This means that a purchase of $100 of goods and services from the reference basket in 2002
is now valued at $158.60.