Global Inflation

14 Replies to “Global Inflation”

1. Wow, look at Venezuela.

2. Look for Canada to stay red hot because of Mark Carney’s low interest rates, and Harper’s support for biofuel subsidies and supply management.

3. I have about the same confidence in the various Gov’t inflation rates as I do in UK Met Office temperatures.

4. The rates are the rates …..in this case what you make of them is another matter.

5. Hmmm, I honestly don’t like the visuals. When you click on the stats, even 1.0% looks kinda red, sort of misleading.
   I would prefer the deep red only to be used if inflation was over 10%. Then again, maybe it shows I’m too used to inflation.
   Again, as per John Lewis, inflation rates are understated because food and fuel are not included, and there is a lot of gaming to the numbers (eg hedonic adjustments).

6. statistics
   a liars tool to fool fools:-))))

7. What Erik Larsen said.
   Autos are about 25% of retail sales in the US, and prices have gone through the roof percentage wise, but the economists discount that price inflation by saying that your average new car has advances not previously enjoyed, etc. That, of course, is completely specious, as it ignores that consumer income has not kept pace, so that car expense has become an ever larger % of household budgets. It would be interesting to know how the economists in Barry’s government treat the price of hybrids and other ” green ” verhicles when assembling the CPI or GDP deflator.

8. They are pigmented a little like NASA world temperature maps.

9. LOL…shading is everything.

10. Hate the high inflation in some of the Third World countries. Well at least the ones I frequent. It’s nice to buy a beer for $.50 and a 5 star room for $40.00USD a night.
    Damned them!

11. What Erik Larsen said.
    Based on what housing costs have done I suspect that the inflation rate for Saskatchewan is considerably higher than the Canadian average.

12. Yes Phil, Venezuela is the wildest one by far with the highest inflation and nearly the lowest growth rate.
    That’s a command economy folks. Note the relative consistency of price increases.
    Then again they probably look good compared to Zimbabwe.

13. Zimbabwe
    Don’t they produce the Flintstone car.
    The ultimate green car, where its powered by your feet. No oil needed.

14. The traditional bankers cure for high inflation rates are a increase in interest rates. I don’t believe this is going to happen for the simple reason that the biggest debtors are governments. The central banks are controlled by governments and they are not going to bankrupt themselves by increasing rates. This is another example of the slippery slope of doom that governments have gotten themselves into.