Visit the Statistics Canada website (www.statcan.gc.ca) find data on the Consumer Price Index, Annual Average, Not Seasonally Adjusted, and its major components for Canada for the period of 2016 - 2020.

Looking at the numbers of CPI and inflation rate from 2019 to 2020, explain how CPI and inflation has changed due to COVID-19 pandemic. Explain if you observe any significant changes in the major components of CPI from 2019-2020. Explain the economic reasons for changes in major categories of CPI.