Indeed, it has done a better job of predicting the path of total inflation than the CPI itself. All of this gives us a comprehensive view of how the economy is operating relative to its capacity, now and in the future.
And I should point out that on the Bank's Web site, you can now find the latest data on the indicators that we look at when we assess capacity pressures. Canada's current growth prospects Let me now turn to our economic outlook, and tell you how our views have evolved over the year.