Finance committee  Maybe I can turn to our lead analyst, Taylor Mitchell, who can talk about the supply chain effects on fuel.

Finance committee  I'm sorry, Mr. Chair. I'm not sure I completely understand the question.

Finance committee  I'll turn to Mr. Ertl for technical details on how we would do that, but certainly we could take a look at any distribution of goods and how the price has changed over time. We regularly update the CPI basket, as most countries do, on a regular basis. For the past couple of year

Finance committee  Thank you, Mr. Chair and finance committee members. It's a pleasure to be here today with our team. Since we last spoke to this committee in January, domestic and international challenges have continued to impact supply chains and associated costs. We're all in a state of high

Finance committee  I don't have those data available at my fingertips, but we do have a number of reports on business openings and closings. We can make that available to the clerk.

Finance committee  Conceptually that's where we're at with the CPI.

Finance committee  Sure. Essentially in the CPI—

Finance committee  I've lost my camera.

Finance committee  Okay. What we do in housing with the CPI is that we're measuring the price of consumption. CREA does excellent work. They're experts in their field. They do a super job, but they're measuring the value of the house as an asset. Like most other OECD countries, we don't include th

Finance committee  Sure. Thank you. If you think about the counterfactual, for sure somebody entering the housing market is going to pay a lot for a house. The value of that asset is quite large. If you think about a senior who is, perhaps, downsizing and moving out of that house, who is selling t

Finance committee  That's what it represents, yes.

Finance committee  Conceptually that's what the CPI is measuring, yes.

Finance committee  What we would find really helpful is the ability to draw stronger linkages between the indebtedness of households and other financial characteristics of households and home ownership. Essentially, having that better linkage would be good—

Finance committee  Largely it resides in financial institutions.

Finance committee  I think that if you take a look over the course of the pandemic, over the course of the past two years there has been a range of factors that have led to changes in prices in a range of different commodities. As Mr. Arora mentioned earlier, in May of 2020, crude oil prices went