If one looks at the annual inflation rates provided from January 2009, one can see why our central bank would want to delay this initial release to the Yuletide. In August 2008, arguably the month when the Canadian economy went into recession, the three new measures show inflation rates ranging between 2.5% and 2.7%, the rejected CPIX measure shows inflation of 1.7%. Just how, pray tell, does a central bank justify drastic interest rate cuts when the preferred measures of underlying inflation are well above the 2% target and closing in on the 3% upper bound? The CPIX measure quite properly excluded the mortgage interest cost index, while the three new measures do not exclude any series. So now the Bank of Canada is the only inflation-targeting central bank in the world that includes mortgage rate changes in its preferred measures of underlying inflation, which is against all reason. Only an incompetent Finance Minister like Morneau ever would have signed off on this.