New Lending Services Price Index (NLSPI)

Summary of changes

Activity on this program started: 2011

Reference period of change - second quarter 2015

With the release of data for the second quarter of 2015, the methodology for the New Lending Services Price Index (NLSPI) has been updated to better account for the change in the purchasing power of money over time.

The prices of lending services are now adjusted by a deflation factor that accounts for the cumulative change in purchasing power over time. Previously, only the period over period change in purchasing power was accounted for. For a more detailed explanation of the methodology, refer to the "New Lending Services Price Index - Methodology Summary Document".