Which of the following is a FALSEstatement?

A.

The Canadian CPI is a measure of the changes in the average price level of a fixed basket of consumer goods and services purchased by an urban Canadian family over a period of time.

B.

Core inflation is always higher than actual inflation.

C.

One can calculate the inflation rate by examining changes in the CPI.

D.

The CPI basket is comprised of 8 major components.

E.

The most heavily weighted component in the Canadian CPI is shelter.