Canada's inflation rate turned negative in April for first time since 2009

What we were paying more for in April. Rice..up 9.2%, eggs up 8.8%, beef up 8.5%, toilet paper up 6%. Source: Stats Can.

from https://twitter.com/eppman/status/1263093055713873921

It's all gas price. The headline should probably read "inflation went up due to rising prices across the board, except for gasoline"

Scote64 wrote: ↑ It's all gas price. The headline should probably read "inflation went up due to rising prices across the board, except for gasoline"

I could have swore that when gas prices were going through the roof they were leaving gas prices OUT of the inflation calculation. I was googling to find a supporting story on this but couldn't recall exactly what jurisdiction this was for.

whats this mean exactly? is this good or bad for customer / economy?

choclover wrote: ↑ I could have swore that when gas prices were going through the roof they were leaving gas prices OUT of the inflation calculation. I was googling to find a supporting story on this but couldn't recall exactly what jurisdiction this was for.

I think you're right but don't have evidence - food and housing exempted I thought.

The Bank of Canada believes weaker demand from Covid-19 will outweigh any supply side impacts, putting downward pressure on prices

Demand Hit Warrants Looser Bank of Canada Policy, Lane Says

• BoC sees potential scarring effect on economy from pandemic
• On balance, downward pressures on inflation likely: Lane

https://www.bnnbloomberg.ca/demand-hit- ... -1.1438989

Really? The only thing I buy now is groceries and I have noticed price keep going up in the last few years and few months.

HyperTech wrote: ↑ whats this mean exactly? is this good or bad for customer / economy?

They make it sounds like it's good, but don't lie to yourself, it's bad.

choclover wrote: ↑ I could have swore that when gas prices were going through the roof they were leaving gas prices OUT of the inflation calculation. I was googling to find a supporting story on this but couldn't recall exactly what jurisdiction this was for.

There is inflation and core inflation which excludes volatile energy component. Yes you are right the media and others cherry pick information. The Central Bank looks at both but won't raise interest rates because inflation shoots up solely based on fuel prices. Meanwhile calculations for payments include everything. Naturally as another poster pointed out the basket of goods for most of us has changed so we aren't benefiting much from a drop in fuel and lodging prices and are paying more for our food. I noticed even when prices aren't up there is a lot less on sale so the weekly purchase for a smart Redflag shopper is up even more than official statistics imho.

Scote64 wrote: ↑ It's all gas price. The headline should probably read "inflation went up due to rising prices across the board, except for gasoline"

This is why I drive a plugin hybrid. Mmm, all the energy I need comes from the most abundant source in our solar system - the sun. I used to fill up pretty much weekly, now it's seasonally. I think I'll fill up in ... September.

You have 1+kW of solar and battery capacity at home?

expresspotato wrote: ↑ This is why I drive a plugin hybrid. Mmm, all the energy I need comes from the most abundant source in our solar system - the sun. I used to fill up pretty much weekly, now it's seasonally. I think I'll fill up in ... September.

Chickennbeans wrote: ↑ You have 1+kW of solar and battery capacity at home?

Well your house uses on average 20-30 kW/h per day.

This article is pure crap
Everything’s up in price. Even price of gas is getting back up slowly to pre-corona prices
Price of food is up (which everyone needs)

I'm partially on solar, but haven't found storage capacity very cost friendly - What do you use to bridge non-solar hours (and for most people, when they would charge a plug-in)?

expresspotato wrote: ↑ Well your house uses on average 20-30 kW/h per day.

jdaking wrote: ↑ Really? The only thing I buy now is groceries and I have noticed price keep going up in the last few years and few months.

Yup and there aren't many items on sales too. I guess why put them on sale when the shelf is always half empty and most stuff are out of stock.

Canada's inflation rate was in negative territory for the second straight month in May, according to StatCan

Annual inflation rate in May sinks to -0.4 per cent

I think we need to look at their basket break down because everything has a covid fee now.

garmium wrote: ↑ I think we need to look at their basket break down because everything has a covid fee now.

Cost impact of COVID - maybe - a "COVID Fee" - no, not really.

https://www150.statcan.gc.ca/t1/tbl1/en ... 1810000201

Compared to PREVIOUS month (note, the overall stat on inflation is compared to the same month a year ago).

Beef up,
Chicken down,
Gasoline up (but way down from a year ago),
...

good time to buy clothing and furniture.

Jun 17, 2020
On the whole, however, many items saw their prices plunge in May after cratering the month before, too.

Clothing prices fell by another 1.8 per cent, bringing the two-month decline to 7.6 per cent — the biggest plunge on record, Reitzes noted.

Shelter costs fell by 0.3 per cent, mainly because of a 0.8 per cent decline in rent, the biggest drop in rental costs in 70 years worth of data. And the price of phone services and furniture fell again, by another 2.4 per cent and 3.3 per cent.
https://www.cbc.ca/news/business/inflat ... -1.5615362