Canada 2020 Inflation?

RxMills wrote: ↑ On a US news site, there were 2 news stories on the same page:

"Higher than expected inflation"
(caused mainly by meat, eggs, dairy, etc.)

"Lower inflation.."
(rents down, fuel, mfg goods)

In my opinion, Cdn Govt inflation numbers are useless. They intentionally artificially make the number low by canceling out so many things.

Why? Govt union pay and pensions are tied to annual inflation reports so the govt doesn't want their payouts to rapidly increase.

For example, everyone once used beef roasts in their food calculations and now they calculate beef hamburger prices.

Home accommodations (rent, mortgages) have only been going up 2% each year? Where?

The low, and lowering Canadian dollar will push inflation on all US, Mexico and China goods. All those items are typically pegged to USD.

RxMills wrote: ↑ On a US news site, there were 2 news stories on the same page:

"Higher than expected inflation"
(caused mainly by meat, eggs, dairy, etc.)

"Lower inflation.."
(rents down, fuel, mfg goods)

In my opinion, Cdn Govt inflation numbers are useless. They intentionally artificially make the number low by canceling out so many things.

Why? Govt union pay and pensions are tied to annual inflation reports so the govt doesn't want their payouts to rapidly increase.

For example, everyone once used beef roasts in their food calculations and now they calculate beef hamburger prices.

Home accommodations (rent, mortgages) have only been going up 2% each year? Where?

The low, and lowering Canadian dollar will push inflation on all US, Mexico and China goods. All those items are typically pegged to USD.

robsaw wrote: ↑ You example only proves you don't understand the statistical analysis. The "food" basket contains well over 100 items, including 4 different categories of restaurant/cafe food costs. Of course the basket changes over time as consumer habits change - they didn't used to have restaurants either and they aren't comparing ground beef to roast beef - they include 6 types of beef (steaks, roasts, and ground).

choclover wrote: ↑ I am curious if the raw data and calculations are provided somewhere for Canadians to see. This would be interesting to see how it is calculated.

liemhoho wrote: ↑ Canada's economic engine depends on real estate and resource extraction sectors (oil). When oil tanks and Alberta's economy tanks, there'll be less money in government coffers to pay for programs and hence govt needs to borrow more and lower our loonie so our oil industrys expenses can compete with other countries. I read somewhere few years ago that USD 70/barrel is our break even point to produce our Alberta's oil. We're competing against cheap to produce US shale oil, and cheaper Saudis+Russians oil. Everybody - except our tree hugger pretty black face PM Trudeau - wants to sell oil even the US is liking high oil prices and trying to become a de facto member of OPEC+. Yes climate change and global warming are bad but if we're still consuming oil everywhere and in everything we do and right now we're importing lots of it instead of consuming domestically produced oil from Alberta/Saskatchewan and exporting the excess. Then what's the point for fighting climate change and blocking oil pipelines if all we're doing is sending our Canadian wealth abroad to satisfy our oil demand.

So i suspect our loonie is going to CAD1.5-1.6 per USD in the next yr or so.

IF real estate sector tanks too seeing we're the G7 nation with the highest debt to GDP ratio, then i have a feeling it'll go even lower to 1.8-1.9+. Maybe we can sell our Canadian passports in droves by then?

https://www.vancourier.com/richmond-hos ... 1.24058984

peli33 wrote: ↑ General CPI info: https://www.statcan.gc.ca/eng/subjects- ... ce_indexes
CPI Tables: https://www150.statcan.gc.ca/n1/daily-q ... im-eng.htm

You can get statistical information but the raw data is considered sensitive and not available to public.

choclover wrote: ↑ I wonder why they would consider it "sensitive".

StatsGuy wrote: ↑ because they paid for the data from another company or organization and can't publish it. very common in the business world especially when it comes to data derivative products. E.g. for construction material prices one could buy it from Altus data solutions and statscan publishes their data product which is considered a derivative product that licensing from Altus permits but they're not allowed to publish the actual raw data they got from Altus

I mean, it's very reasonable , as otherwise, who else will purchase the data if another company/organization republishes it?