Correct. GDP inflation is a construct of both domestic inflation measured by consumer price index and your terms of trade, so WTI and other commodity indicators. Ultimately, we take an average of what the private sector tells us for GDP inflation.
February 23rd, 2016 / 1:20 p.m.
Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
Correct. GDP inflation is a construct of both domestic inflation measured by consumer price index and your terms of trade, so WTI and other commodity indicators. Ultimately, we take an average of what the private sector tells us for GDP inflation.
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