Why does the Bank of Canada pay close attention to the core inflation measures in addition to the overall CPI inflation rate?

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The core inflation measures provide a better view of the underlying inflation trend and better predict future CPI inflation.

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The core inflation measures are more volatile and therefore a better predictor of trend inflation.

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The core inflation measures include eight volatile prices and are therefore more likely to stay within the target band.

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The core inflation measures have a lower average value and therefore makes the Bank look better.

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The core inflation measures include taxes, while the overall CPI rate does not.

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