5 % inflation rate.

[wmoebis]

I agree Bucket but you can't just blame the Liberals every party is exactly the same. The costs in Alberta for provincial goods and services has gone crazy under Kenney's deregulation and trickle down effect policies.

Not sticking up for Liberals but not letting every other party off the hook either! In fact some might be worse than others just more sneaky or underhanded.

[jazz]

Inflation comes from money supply. Last time I checked Kenney wasnt in charge of the BoC. Trudeau has out spent the capacity of our GDP to match the money supply. No productive investments were created, in fact existing investment has been destroyed, so it just seeps into the prices of everything.

The US is able to mute inflation because it has reserve currency and exports currency.

Nobody is hiding canadian dollars in their mattress around the world.

Hope people refinanced because we are looking at a doubling of the cost of capital in this country.

[Ab7]

There is a lot of crooked shit going on in the inflation calculator to keep the number lower than it really is. They use a owner rent formula
Rather than actual rents, the real number is at least 15%

[blackpowder]

Inflation will affect all countries.
Less so those who were responsible when they had the chance.

[jazz]

There is a lot of crooked shit going on in the inflation calculator to keep the number lower than it really is. They use a owner rent formula
Rather than actual rents, the real number is at least 15%

Well for example real estate accounts for 10% of our GDP. Insurance and financing of said real estate is another 10%.

Yet housing and related costs are left out of inflation metrics.

Totally made up statistics.

[SASKFARMER]

Inflation is way higher than 5.1%.

For farms multiply by 6 to get true number.

[TASFarms]

How does their inflation number work when you take steak out of the basket and replace it with hamburger.
There is lots of trust in the numbers. 🤮

[Guest]

US Inflation Rate Accelerates to 7.5%, Highest since 1982
The annual inflation rate in the US accelerated to 7.5% in January of 2022, the highest since February of 1982 and well above market forecasts of 7.3%, as soaring energy costs, labour shortages, and supply disruptions coupled with strong demand weigh.

have you been out of your house lately ?
if justinflation isn't 30% here i would be amazed ?

[blackpowder]

While not a perfect measure, the CPI captures the average shopping experience of Canadians. The basket includes:

food—groceries and restaurant meals
shelter—rent and mortgage costs, insurance, repairs and maintenance, taxes, utilities
transportation—vehicles, gasoline, car insurance, repairs and maintenance, public transit costs
household expenses—phones, internet, child care, cleaning supplies
furniture and appliances
apparel—clothing, footwear, jewellery, dry cleaning
medical and personal care—prescriptions, dental care, eye care, haircuts, toiletries
sports, travel, education and leisure
alcohol, tobacco and recreational cannabis
Each item in the basket is given a “weight,” which depends on how much a typical household spends on that item. For example, Canadians usually spend more on groceries and rent than on haircuts. So, food and shelter receive larger weights than personal care services. An increase in the price for items with a greater weight has a larger effect on the average household’s cost of living.

The CPI doesn’t capture every price or always reflect every Canadian’s lived experience.

Price indexes are available for the U.S., the four Census regions, nine Census divisions, two size of city classes, eight cross-classifications of regions and size-classes, and for 23 local areas. Indexes are available for major groups of consumer expenditures (food and beverages, housing, apparel, transportation, medical care, recreation, education and communications, and other goods and services), for items within each group, and for special categories, such as services.
Monthly indexes are available for the U.S., the four Census regions, and some local areas. More detailed item indexes are available for the U.S. than for regions and local areas.
Indexes are available for two population groups: a CPI for All Urban Consumers (CPI-U) which covers approximately 93 percent of the total population and a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 percent of the population.
Some series, such as the U.S. City Average All items index, begin as early as 1913.
Coverage
The CPI represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and sales and excise taxes paid by the consumer are also included. Income taxes and investment items (like stocks, bonds, and life insurance) are not included.
The CPI-U includes expenditures by urban wage earners and clerical workers, professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, retirees and others not in the labor force. The CPI-W includes only expenditures by those in hourly wage earning or clerical jobs.
Sources of data
Prices for the goods and services used to calculate the CPI are collected in 75 urban areas throughout the country and from about 23,000 retail and service establishments. Data on rents are collected from about 50,000 landlords or tenants.
The weight for an item is derived from reported expenditures on that item as estimated by the Consumer Expenditure Survey.


Loving this cut and paste LOL

[Sodbuster]

BOC needs to raise interest rates as soon as possible, to much easy money out there fuel housing prices and inflation. Would be nice to see house mortgages around 6%, if you can’t afford that kind of rates your living beyond your means.