| 000 | 00000cam 2200000zi 4500 |
| 001 | 9.958868 |
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| 003 | CaOODSP |
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| 005 | 20260112125210 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 260112t20252025onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 045 | |ax9y2 |
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| 086 | 1 |aFB3-7/2025-29E-PDF |
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| 100 | 1 |aUzeda, Luis, |eauthor. |
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| 245 | 10|aPULSE check : |bmeasuring underlying inflation and its drivers / |cLuis Uzeda. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2025. |
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| 264 | 4|c©2025 |
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| 300 | |a1 online resource (ii, 14 pages) : |bcolour illustrations. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff analytical note = |aNote analytique du personnel, |x2369-9639 ; |v2025-29 |
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| 500 | |a"Last updated: December 12, 2025." |
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| 504 | |aIncludes bibliographical references (page 14). |
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| 520 | 3 |a"This note presents PULSE, a new measure of underlying inflation in Canada based on a dynamic factor model estimated on disaggregated inflation data. PULSE captures the persistent component of inflation and decomposes it into broad-based and sector-specific inflationary pressures. We find that broad-based inflationary pressures account for most underlying inflation, while sector-specific factors—particularly shelter—have become more inflationary since 2021. Unlike CPI-common, PULSE is less prone to large historical revisions and maintains a strong correlation with economic slack"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aInflation (Finance)|zCanada|xEconometric models. |
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| 650 | 6|aInflation|zCanada|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff analytical note (Bank of Canada)|v2025-29.|w(CaOODSP)9.807323 |
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| 856 | 40|qPDF|s586 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-7-2025-29-eng.pdf |
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