Whatever it takes to make Liberals look better.
Much of the current debate about inflation focuses on how Canada is doing relative to other countries, especially the U.S. Unfortunately, many people, including economists, are quick to simply compare the consumer price index (CPI) in the two countries. The latest readings were 7.0 per cent in the U.S. versus 4.8 per cent here, which suggests inflation is less of a problem for us. But this ignores how the CPI (and many other statistics) differ among national statistical agencies.
[…]
Statistics Canada’s excludes used car prices, which rose sharply in North America in the pandemic after a shortage of computer chips resulted in fewer new autos being produced just as demand accelerated. There is no theoretical reason to exclude used cars. Statistics Canada simply does not have the resources to survey them adequately. At the moment, used-car prices are adding over a percentage point to inflation south of the border. We almost certainly are experiencing some used-car inflation; we’re just not counting it.
There are other differences in the CPI, notably the treatment of housing, one of the largest components of prices. There is no right or wrong way to measure housing prices, which is why how it’s done has changed over time in both countries. The reasons for the difference are less important to users than the fact that there is a difference.
1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
2) there is no inflation, like we said
3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
6) inflation is actually good, Colbert says so, and who would know better than a celebrity millionaire?
7) the government has a plan for inflation if it ever really becomes a for real problem for real people
8) you’ll love wage and price controls…
9) its corporate greed that somehow didn’t exist two years ago, just started overnight
10) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
11) overturning Roe will damage the economy
12) CTRL/H inflation/stagflation
13) CTRL/H stagflation/recession
14) CTRL/H recession/New Great Depression
I measure inflation by the outrageous costs for everyday things.
Then there are the carbon taxes.
In a real country, there would be a revolution.
When Lefties are at the helm, all polls/stats are “massaged” to look right. Never-ever a Dem or Liberal gov will go into a poll without wanting a certain result and making damn sure through whatever nefarious means that the wanted result will be there.
Only idiot Repbs/Conservatives play the ‘sincere’ card, the “let the chips fall wherever”.
Evil side vs Stupid side plays in polls/stats area too.
4.8% EH? If they sat you on a straw bale , put a fan blowing over a block of ice and threw manure at you , would you believe you were having a sleigh ride?
how fast is the fan blowing?
Public sector pensions are typically indexed to inflation (i.e., they are increased by the rate of inflation) so what’s the problem?
The ONLY real substantive cause of inflation is the printing of money by the privately owned counterfeiters operating in every nation. In Canada, they are collectively known as the Bank of Canada. In the US, they are the Federal Reserve.
These criminal scum purposely cause inflation, which is effectively theft from everyone by reducing everyone’s earning power and savings.
Central banks should be made illegal, and those who own them should be lined up against a wall.
Oas increases 2 Dollars and change to 687.56 for Jan,feb and Mar. Payments.
(Priced a can of Campbell’s tomatoe soup lately)
Yet the prior increases were 15 dollars average.
No election in sight.